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Written reply to PQ on breakdown of financial savings or financial assets owned by Singaporean households

Written reply to PQ on breakdown of financial savings or financial assets owned by Singaporean households

Question :

Mr Leon Perera: To ask the Minister of Trade and Industry (Trade) what is the level of financial savings or financial assets owned by Singaporean households and individuals in each of the past 5 years, broken down according to the (i) mean (ii) median (iii) 10th percentile and (iv) 90th percentile.

Written reply:

The aggregate level of financial assets owned by Singapore’s household sector[1] in each of the past five years is provided in Table 1.  Data on the amount of financial assets owned by households and individuals in the different income percentiles is not available.
 

Table 1. Financial assets of household sector in Singapore (in billion dollars)

End of Period
Dec 2013
Dec 2014
Dec 2015
Dec 2016
Sep 2017 (latest data available)
Financial Assets
887.3
943.9
988.0
1,060.0
1,126.1
(i) Currency and deposits
322.6
342.3
365.8
395.6
408.6
(ii) Shares and securities
173.3
175.3
165.2
165.5
178.2
(iii) Life insurance
124.3
136.7
141.8
153.8
169.9
(iv) CPF
253.0
275.4
299.5
328.9
353.1
(v) Pension funds
14.1
14.3
15.7
16.2
16.3
Source: Department of Statistics

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[1] The household sector consists of all household institutional units that have engaged in economic activities in Singapore for at least a year. They include Singapore Citizens, Permanent Residents and foreigners. A further breakdown of the sector by the types of households such as Singapore Citizen households is not available. 

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