Category:

Facts

Latest

Singaporeans spend 2.5 times more on their children’s needs than their retirement planning:AIA survey

60% of Singaporeans face an uncertain future by not prioritising their retirement planning
As a simple rule of thumb, monthly income is recommended to be spilt using 50/30/20 rule. Allocate the first 50% of one’s take-home income pay on necessities such as housing, food, and transport. The remaining half should be split up between 20% for long-term savings and investments and with 30% for “wants” like hobbies and travel. However, research shows that Singaporeans are 13% below the target for their retirement planning.

read more

Job openings for permanent staffers to be adversely affected due to 2nd wave of COVID-19: Survey

”At the beginning of the year, India was witnessing a steady economic recovery and an upward curve in hiring. But the overwhelming situation due to the second wave of COVID-19 had a huge impact on the employment rate and hiring process in the country. Restrictions in mobility also resulted in job losses in many sectors,” Genius Consultants CMD R P Yadav said.

read more