22 Sep '14, 6am

How much are #Singaporeans saving? About 33% to 69% with about 25 percentage points due to CPF. Find more out

ONE of the regular messages from this column on managing one's personal finances is to track one's expenses religiously. That is, to painstakingly catalogue how much of your money goes into food, transport, clothing, healthcare and so on. But have you ever wondered how the entire nation spends? A treasure trove of data was published last Thursday when the Department of Statistics released the results of its latest Household Expenditure Survey, held once every five years. What are its implications for the investor? The data can prove useful in benchmarking yourself against the population to see where you stand in saving and spending. The survey ranked households according to how much they earn and dissected their expenditures accordingly. From the charts, one can see that the lowest fifth of households spends more than what they earn. That puts them in a deficit every month...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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Sometimes I just have too much to tell you.

Sometimes I just have too much to tell you.

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