[Bigiron]

Singaporeans are more likely to overspend, Fidelity survey reveals


https://theindependent.sg/singaporeans-a...y-reveals/

[EvertonDiehard]

When only 20% live in private homes and 11% own cars, the rest of the population need other forms of retail therapy that suit their respective budgets.  That's why they overspend on clothing, shoes, accessories etc. The big ticket items are out of their reach.

[EvertonDiehard]

I have friends who spend on luxury cars even though they live in the HDB heartlands because they realise that private homes are beyond their budget, so they spend on other luxury items like a continental car, branded clothing, shoes and accessories.

[RiseofAsia]

They haven’t been through 98 AFC.
They don’t feel scare at all lah
When you see your total stock value drops from 100% to less than 20% value.

[moonrab]

Normally it is the 20% private home owner overspend. Taking huge housing loan. Need to drive car because of private residences status and inconvenient location. Paying high monthly maintenance fee.

HDB dwellers bearing low gearing, or fully paid housing loan. Very low maintenance fee. No requirement for car due to very convenient public transport. And surrounded with great amenities. 

Many financial independence retirees, chosen HDB, to enjoy their lives with no worries about high cost of living. 
Living within walking distance to Hawker center, Kopitiam, Shopping mall, Market, Recreation park, Cinema, Hospital, Polyclinic, etc...😊

[watchfirst9]

Normally it is the 20% private home owner overspend. Taking huge housing loan. Need to drive car because of private residences status and inconvenient location. Paying high monthly maintenance fee.

HDB dwellers bearing low gearing, or fully paid housing loan. Very low maintenance fee. No requirement for car due to very convenient public transport. And surrounded with great amenities. 

Many financial independence retirees, chosen HDB, to enjoy their lives with no worries about high cost of living. 
Living within walking distance to Hawker center, Kopitiam, Shopping mall, Market, Recreation park, Cinema, Hospital, Polyclinic, etc...😊

Aiyoh, you should said govt has give the people confidence to overspend mah. 

[moonrab]

Aiyoh, you should said govt has give the people confidence to overspend mah. 

Govt gives many HDB uncle and auntie buying T-Bills...🤣
3.8% interest rate, 6 to 12 months..🤭