Featured on Singapore Business Review, MSN, The Fintech Times, Mothership.
With inflation soaring over recent months, Seedly and Milieu Insight have partnered up to publish the ‘Seedly x Milieu Insight: The Impact of Inflation on Singaporeans’ report. This report is based on an online survey conducted by Southeast Asia consumer research company, Milieu Insight, which aimed to find out how Singaporeans have been impacted by the inflation and rising home prices, and their opinions of government measures to tackle these pressing issues.
Based on the report, 71% of Singaporeans see spending on necessities as the top area inflation had an impact on.
This is followed by retirement plans and investments at 34% and 26%, respectively.
Around 25% have cited spending on luxuries such as cars and leisure travel had been affected by inflation, and 17% said it had an impact on insurance.
Other insights from the report:
Get in touch with us to access the full report.
Methodology
The survey was conducted with N=1,000 Singaporeans aged 16 years old and above from 30 November 2022 to 5 December 2022. The results are broadly representative of the national population by age and gender (interlocking quotas), ethnicity and household income (non-interlocking quotas), and the margin of error is +/-3% at 95% confidence level.
Featured on Singapore Business Review, MSN, The Fintech Times, Mothership.
With inflation soaring over recent months, Seedly and Milieu Insight have partnered up to publish the ‘Seedly x Milieu Insight: The Impact of Inflation on Singaporeans’ report. This report is based on an online survey conducted by Southeast Asia consumer research company, Milieu Insight, which aimed to find out how Singaporeans have been impacted by the inflation and rising home prices, and their opinions of government measures to tackle these pressing issues.
Based on the report, 71% of Singaporeans see spending on necessities as the top area inflation had an impact on.
This is followed by retirement plans and investments at 34% and 26%, respectively.
Around 25% have cited spending on luxuries such as cars and leisure travel had been affected by inflation, and 17% said it had an impact on insurance.
Other insights from the report:
Get in touch with us to access the full report.
Methodology
The survey was conducted with N=1,000 Singaporeans aged 16 years old and above from 30 November 2022 to 5 December 2022. The results are broadly representative of the national population by age and gender (interlocking quotas), ethnicity and household income (non-interlocking quotas), and the margin of error is +/-3% at 95% confidence level.