• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Kamala killed 46,000 manufacturing jobs, while 773,000 Americans have lost employment in just the last year

nabeifuckpap

Alfrescian
Loyal
Joined
Sep 2, 2023
Messages
2,919
Points
113
Screenshot_2024-11-02-03-54-39-19_e4424258c8b8649f6e67d283a50a2cbc.jpg
 

Ugly October Jobs Report Indicates Labor Market Halts, -112,000(for Aug & Sept) Jobs Downward Revision AGAIN​

 
Last edited:
Kamala did all that? And she has not even started yet!
But don't worry. Plenty of rebuilding in Gaza.
 

Ugly October Jobs Report Indicates Labor Market Halts, -112,000(for Aug & Sept) Jobs Downward Revision AGAIN​

It seems like Sindiapore job market is not so bad? Not so many jobs lost to foreigners?
 

Singapore households took on more debt in fourth quarter of 2023​

jq0A1A2431.jpg

Despite the uptick in household debt, the average household remains financially healthy in the fourth quarter. ST PHOTO: JASON QUAH
byline300822.png

Chor Khieng Yuit
Senior Correspondent
UPDATED

FEB 28, 2024, 12:57 PM

FacebookTelegram

SINGAPORE - Household liabilities grew 1 per cent in the fourth quarter of 2023 from the same period a year ago, reversing three quarters of year-on-year declines, as households took on more mortgage and personal debt.
On a quarter-on-quarter basis, liabilities for the average household also grew at the fastest pace since the second quarter of 2022, rising 0.8 per cent from the third quarter to $364.2 billion, data from the Department of Statistics (SingStat) on Feb 26 showed.
Mortgage loans and personal loans, such as car loans, credit card debts and renovation loans, count as household liabilities.
 

Jump in S'poreans aged 40-59 seeking loans to cope with cost-of-living pressures: Report​

Jump in S'poreans aged 40-59 seeking loans to cope with cost-of-living pressures: Report


  • The share of loan applications by middle-aged Singaporeans, aged 40 to 59, jumped nearly a third over the past two years
  • This is according to a report issued by loan matching platform Lendela on Aug 8
  • The report found that the most common reasons for borrowing are associated with living costs and debt — such as recurring bills, debt consolidation, and credit cards

SINGAPORE — Over the past two years, a sharply higher proportion of middle-aged people here have sought loans to deal with cost-of-living pressures like household spending, medical expenses and credit card debt.

The trend was identified in data provided by loan matching platform Lendela, which matches people seeking loans with various bank and licensed non-bank lenders in Singapore.

According to a report issued on Aug 8, the share of loan applications from the middle-aged population (40 to 59 years old) has risen by as much as 28 per cent in the last two years. The average loan size for this group was S$22,000.

This group accounts for about one-third of loan applications today.

Young borrowers aged 18 to 29 account for over a quarter of applications to date, though their share of applications fell as much as 25 per cent since 2022.

READ ALSO​

OCBC to give 4,600 junior staff in Singapore S$1,000 each to cope with rising cost of living


While it did not provide absolute figures, citing commercial sensitivities, a Lendela spokesperson said that its figures were based on close to 200,000 applications from Singaporeans and permanent residents that the platform gathered from 2022 to 2024.
 
Many many five zero high hands becum cannon flodders
 

Singapore Household Debt​

2004 - 2024 | MONTHLY | USD MN | CEIC DATA
Key information about Singapore Household Debt

  • Singapore Household Debt reached 284.7 USD bn in Aug 2024, compared with the reported number of 276.7 USD bn in the previous month
  • Singapore Household Debt: USD mn data is updated monthly, available from Mar 2004 to Aug 2024
  • The data reached an all-time high of 284.7 USD bn in Aug 2024 and a record low of 58.0 USD bn in Apr 2004

CEIC converts monthly Household Debt into USD. The Monetary Authority of Singapore provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt covers Housing and Consumer Loans from Residents and Non-Residents. Household Debt prior to July 2021 covers Housing and Consumer Loans from Domestic Banking Units and Asian Currency Units.


Further information about Singapore Household Debt

  • In the latest reports, Singapore Household Debt accounted for 52.7 % of the country's Nominal GDP in Jun 2024
  • Money Supply M2 in Singapore increased 994.5 USD bn YoY in Aug 2024
  • Singapore Foreign Exchange Reserves was measured at 364.5 USD bn in Jul 2024
  • The Foreign Exchange Reserves equaled 9.2 Months of Import in Jul 2024
  • Singapore Domestic Credit reached 877.8 USD bn in Aug 2024, representing an increased of 2.1 % YoY


View Singapore's Household Debt from Mar 2004 to Aug 2024 in the chart:​

bar line area spline areaspline column
Singapore Household Debt

What was Singapore's Household Debt in Aug 2024?​

Singapore Household Debt reached 284.7 USD bn in Aug 2024, compared with the reported number of 276.7 USD bn in the previous month See the table below for more data.
 
Back
Top