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Singapore residents rank 4th in financial assets
The Straits Times
|October 05, 2024
Republic is top in the region, with net financial assets per capita at $246,000
Residents in Singapore on average have more financial assets such as cash, stocks and bank deposits than their peers elsewhere, a global wealth report said.
Allianz's global research team in Munich attributed this to Singapore's capital-funded pension system, the Central Provident Fund (CPF).
The Allianz global wealth report issued recently placed Singapore fourth globally in 2023 with net financial assets per capita at €171,930 (S$246,000).
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