Survey: More people are saving less amid rising costs

This year’s OCBC study found that retirement planning performed the worst. — The Straits Times

SINGAPORE: Retirement planning has taken a back seat as inflation makes things more expensive and working adults prioritise debt repayments amid high interest rates, a survey shows.

OCBC uses the study to compile a Financial Wellness Index, which has fallen for the second straight year, and now sits at 60, the lowest score since its inception in 2019.