COVID-19 ‘dragged down' financial wellness: survey

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Around 31% of respondents had issues paying off their housing loans. The COVID-19 pandemic and resulting global economic slowdown have dragged down Singaporeans’ financial wellness, according to the latest survey by OCBC. Surveying 2,000 Singaporeans, the OCBC Financial Wellness Index dipped to 61 this year from last year’s 63. Loss of jobs and cut in salaries impacted Singaporeans’ ability to pay their housing loan and affected their regular passive income. read more