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Singapore household debt drops to decade-low as high interest rates deter borrowing: MAS

Singapore News - Great news on the money front. For the past eight quarters, we’ve been chipping away at our debts, and now, our household debt is down to just 1.2 times our disposable income. That’s the lowest it’s been in over 10 years! The MAS just let us in on this in their latest. Read more at www.tnp.sg

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High credit card debt in Singapore not a concern yet

Singapore News - Despite rising inflation and slower growth in 2022, cardholders continued to splurge on discretionary purchases such as bubble tea,. Read more at www.tnp.sg

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