Are high costs of living why 56% of high earning millennials in Singapore do not feel successful?
A new report by UBS which surveyed millennials aged between 18 and 34 across 10 different markets reveals some insights into the attitudes of the young and well-heeled in Singapore. Even with a minimum income of $100,000, only 44% of the top 20% of earners in their age bracket surveyed felt that they have already achieved...
The unholy trinity of economics?
With rising US bond yields, Singapore will be facing the consequences of the Unholy Trinity at a terrible time. What is that you wonder? The Unholy or the Impossible Trinity is the exchange rate, interest rates and the capital account, of which no government can control all three at the same time. In Singapore’s case,...
MOM report: unemployment rises and wage growth slows
A report on the labour force released by the Ministry of Manpower today (30 Nov) has showed that income growth has slowed and resident unemployment has increased amidst slowing economic conditions. On the surface, nominal incomes of resident Singaporeans have increased by 3.2% this year, compared to last year’s 5.3%. Resident...
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