Channel NewsAsia
Updated: 01/14/2014 14:19 | By Channel NewsAsia

Two thirds of Singapore consumers confident will achieve financial goals: Nielsen

Two thirds of Singapore consumers confident will achieve financial goals: Nielsen


Two thirds of Singapore consumers confident will achieve financial goals: Nielsen

SINGAPORE: Almost two thirds of consumers in Singapore (65 per cent) believe they will achieve all their financial goals for the future.

But only 15 per cent of the consumers think that their current plans will provide enough for the future.

Half of them think that they will need to closely monitor and adjust their investments from time to time to meet their financial expectations.

And about a third (35 per cent) of the Singapore consumers surveyed said they have no confidence they will meet all their financial goals even if they were to adjust their investments.

Some 500 respondents in Singapore gave their views as part of the Nielsen Global Survey of Saving and Investment Strategies, which polled more than 30,000 Internet respondents in 60 countries.

The study, carried out in August and September last year, sought to evaluate how consumers around the world are preparing for current and future spending.

Among respondents from Singapore, the study found that those who are actively saving now do so out of concerns such as health issues, unexpected household emergencies, and loss of job or income.

Those who are actively saving for the longer term, do so for their retirement and the future of the children.  - CNA/nd

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