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Singapore's reputation for financial prudence and high savings is showing signs of strain.

Rising costs and a growing prioritization for experiences and self-care are taking precedence over long-term financial planning, experts observed.

"At the end of every month, when my salary is in, I use it to pay my credit bills, parents' allowance, insurances and investments," said 31-year-old Singaporean Jovan Yeo, who works for a digital bank services firm.

"After all these, my salary is back to zero again, with nothing much to save," he said, adding that other expenses go into travel, dining out and fitness class memberships.

60% of workers in Singapore were living paycheck to paycheck in 2024 — notably higher than regi

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