Singapore, 15 September 2023 – The rising cost of living, having sufficient savings for retirement or future financial goals, and managing daily expenses effectively, are the top three financial challenges faced by 1,068 Singapore respondents surveyed in the Hong Leong Finance (HLF) Consumer Financial Survey 2023.

Respondents were over 18 years old, and sampled based on nationally representative quotas by age, gender and race. Through the survey, respondents provided insights across their financial challenges, retirement planning, saving habits, and preferences in a savings account.

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