Cost of living far outstrips the incomes of most Singaporeans: HSBC survey

1 in 3 residents are struggling to save.

58% of Singaporeans think that the cost of living is increasing faster than their income, HSBC's The Future of Retirement Survey showed.

This figure is considerably higher than the global average of 45%.

33% of respondents have seen their ability to save money reduce over the past year, above the global average of 28%.

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