Money in the Market: Are Singaporeans ready to face a financial crisis?
Published on 30 Nov, 2022
The uneven post-pandemic recovery, record-high inflation, soaring interest rates and geopolitical and market uncertainty have hit Singaporeans’ financial wellness. This year’s OCBC Financial Wellness Index dipped to 61, returning the score to 2020 levels. And the decline comes on the back of poorer investment returns, increased debt stress and derailed retirement plans. On Money in the Market, Hongbin Jeong spoke to Aaron Chwee, Head of Wealth Advisory, OCBC Bank to find out some of the investment trends amongst Singaporeans.  Highlights:  1:09 - What does OCBC’s Financial Wellness Index measure? 5:02 - What are some investment trends amongst Singaporeans? 6:30 - Why are young investors still keen on cryptocurrencies despite the crash? 8:37 - Why is there a decline in the average rate of return on investments by Singaporeans? 10:40 - Are Singaporeans ready to face a financial crisis?