As of January 2023, approximately 58 percent of Singaporeans reported feeling most confident about their financial freedom when they could pay off their monthly bills (e.g., credit card, utilities) in full most or all of the time. Other significant indicators of confidence included not expecting to rely on others financially for their needs and being able to pay off loans (such as car and housing loans) most or all of the time. Overall, managing recurring expenses was a key factor in their sense of financial security.
Factors that made people most confident about their financial freedom in Singapore as of January 2023
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Singapore Life Limited. (September 4, 2023). Factors that made people most confident about their financial freedom in Singapore as of January 2023 [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/1483540/singapore-factors-affecting-high-confidence-in-financial-freedom/
Singapore Life Limited. "Factors that made people most confident about their financial freedom in Singapore as of January 2023." Chart. September 4, 2023. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/1483540/singapore-factors-affecting-high-confidence-in-financial-freedom/
Singapore Life Limited. (2023). Factors that made people most confident about their financial freedom in Singapore as of January 2023. Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/1483540/singapore-factors-affecting-high-confidence-in-financial-freedom/
Singapore Life Limited. "Factors That Made People Most Confident about Their Financial Freedom in Singapore as of January 2023." Statista, Statista Inc., 4 Sep 2023, https://www.statista.com/statistics/1483540/singapore-factors-affecting-high-confidence-in-financial-freedom/
Singapore Life Limited, Factors that made people most confident about their financial freedom in Singapore as of January 2023 Statista, https://www.statista.com/statistics/1483540/singapore-factors-affecting-high-confidence-in-financial-freedom/ (last visited January 04, 2025)
Factors that made people most confident about their financial freedom in Singapore as of January 2023 [Graph], Singapore Life Limited, September 4, 2023. [Online]. Available: https://www.statista.com/statistics/1483540/singapore-factors-affecting-high-confidence-in-financial-freedom/
