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FORR
CNBC
5 days

In one of the world's most expensive cities, more workers are living paycheck to paycheck

1. 60% of Singaporeans live paycheck to paycheck, higher than regional peers. 2. Incomes are not keeping pace with rising living costs and inflation. 3. Millennials prioritize spending on experiences over saving for the future. 4. Real median income fell by 0.4% annually from 2019 to 2024. 5. 'Buy now, pay later' schemes are popular, highlighting a debt society.

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FAQ

Why Neutral?

While financial distress in Singapore suggests consumer caution, it does not directly impact FORR.

How important is it?

Understanding consumer behavior can guide FORR's strategy in a challenging market.

Why No Impact?

The article discusses lifestyle trends rather than specific factors affecting PERN's business directly.

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