Two out of every five Singaporeans have increased their investment in the last six months to boost their financial resilience.
A UOB poll says around 51% of those who invested increased their stock and bond holdings. In terms of age group: Millennials (46%) are the most optimistic about investing, with plans to put more money into investments in the long run.
Gen X (35%), Gen Z (29%), and baby boomers (25%).
In the last six months, 65 percent of Singaporeans have not modified how they budget their consumption, savings, and investments.
According to the report, Singaporeans are already preparing to live with a “new norm” by 2023, which 18 percent say will be the year when normalcy returns.