Singaporeans now more savvy about financial management: Citi survey
Singaporeans have become more savvy about how to manage their finances, a survey by Citi has shown.
The latest Citi Financial Quotient Survey indicated that 84 per cent of the 500 Singaporeans surveyed had a good idea of what to do if they were given six months of salary to invest.
Singaporeans also achieved their highest-ever score on a financial quotient test, which is based on the financial standing of respondents in areas including budgeting, investing, savings and retirement planning.
The combined score for Singapore was 59 points out of a possible 100 points - the highest score obtained since the research started in 2007.