Understanding the financial wellness of Singaporeans
Launched in 2019, the OCBC Financial Wellness Index is the most comprehensive study on the financial health of Singaporeans.
The Index provides the bank with deep insights into consumers, which in turn helps us understand where our customers need more help in and develop even better solutions that can meet their needs.
How Singaporeans fared over the years:
Singaporeans who have saved at least 6 months of their monthly salary
Singaporeans who are on track with their retirement plans
Singaporeans who have investments
Singaporeans who review their financial plans annually
Singaporeans who often gamble more than they can afford to lose
Investors in Singapore who excessively speculate for quick gains
Singaporeans who often borrow money from their family or friends
Singaporeans who spend beyond their means to keep up with their peers
Singaporeans with no unsecured debt