Singaporean savings slump 5.1% as consumption outpaces pay

Households hit a 36.4% personal saving rate despite the overall quarterly contraction.

Personal disposable income (PDI) rose 1.0% year-on-year (YoY) in the fourth quarter (Q4) of 2025, which reflected a slow down from the 4.1% increase in the previous quarter, the Department of Statistics said.

In its Personal Disposable Income and Saving report, the departmen said a 4.8% increase in employee compensation supported the growth in PDI.

Private consumption expenditure (PCE), meanwhile, grew 4.8% in Q4 from 3.9%. in the third quarter (Q3).

Personal saving also fell 5.1% YoY in Q4 2025, reversing the 4.7% growth in Q3, as PCE outpaced PDI growth. The personal saving rate reached 36.4%, up from 34.5% in Q3.

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