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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

- Claire Huang

Singapore residents rank 4th in financial assets

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).

The Straits Times'den DAHA FAZLA HİKAYE

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