YAHOO POLL: Are you using more of your savings this year just to get by?

Yahoo

22-05-2025

Singapore's economy may have started the year strong on paper, but rising costs and job worries may be pushing many households to crack open their savings jars more often.
Q1 2025 saw 3.9 per cent growth year-on-year, but behind the headline lies a quarterly GDP contraction of 0.6 per cent – a sign that the good times might not last. And with warnings of a technical recession if the slide continues, more Singaporeans may be asking: will our savings hold out?
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Much of that early growth came from businesses front-loading activity before new tariffs took effect. That short-term boost has fizzled, and with sectors like finance, manufacturing, and retail softening, job security isn't a given.
Prices remain high, interest rates are sticky, and wage growth has stalled. Many could be finding themselves dipping into emergency funds – just to make ends meet.
Are you feeling the pinch? Have your financial habits changed this year?
Have your say and take the poll.
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