SINGAPORE'S well-to-do have some of the region's fattest wallets. They are avid travellers, hold multiple credit cards and have a taste for designer watches.
But a sluggish economy has also made them more reluctant to spend, according to a seven-city survey released by Nielsen Media Research on Monday.
With an average annual income of US$41,000 (RM155,800), Singapore's big earners trail only Hong Kong's, it found.
Its Asian Target Market Survey, conducted every two to three years, tracks the lifestyles of the top 10% of income earners in Bangkok, Hong Kong, Jakarta, Kuala Lumpur, Manila, Singapore and Taipei.
Of 10,500 people interviewed between May and August, 1,500 were Singaporeans.
They are representative of the estimated 419,000 people earning at least S$3,000 (RM6,600) a month, the company said.
The survey found that typically, better-off Singaporeans are widely travelled.
Nearly two-thirds had visited Asia-Pacific destinations in the preceding 12 months.
Close to a fifth travelled even farther afield.
On average, the 1,500 Singaporeans surveyed took five short-haul and three long-haul trips. – The Straits Times/ Asia News Network