13-04-2023, 10:32 AM
Most Singapore household savings is net zero because of housing debt.
You have to minus off the debt when you look at savings
A person owe bank $2M and put aside 2K every month in his savings...
Vs person has zero debt and save $200 a month.
When they lose their jobs who is in trouble?
You have to minus off the debt when you look at savings
A person owe bank $2M and put aside 2K every month in his savings...
Vs person has zero debt and save $200 a month.
When they lose their jobs who is in trouble?
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.