Half of Hong Kongers and Singaporeans have no financial plan

A new study by St. James's Place Wealth Management Asia reveals the impact of the COVID-19 pandemic on attitudes towards wealth management in Hong Kong and Singapore. Published yesterday (18 November) the ‘Money Relationship Monitor 2021' report found that almost half (47%) of Hongkongers and Singaporeans do not have a financial plan and over a third (36%) are not comfortable with their current amount of savings. Three in five (61%) are worried about the high cost of living in the future. This is of particular concern as many central banks continue to assess whether inflationary pres...