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Chart of the Day: Singaporeans leave their money to savings and insurance

Those in early adulthood are likely to do both.

As the cost of living crisis takes a toll on Singaporeans, the majority are putting their money in their savings (43%) and health insurance (39%).

This chart from YouGov showed that those aged 25 to 34 years old are likely to do both (59% savings and 39% health insurance).

Also, life or critical illness insurance was the third most common activity (28%). Investments into stocks and shares (26%) and home loans or mortgage (17%) are also some of the options.

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