Based on the Individuals at Work 2025 report by ADP Analysis, greater than half of the employees in Singapore, roughly 60%, lived paycheck to paycheck in 2024. This determine is considerably increased than the Asia-Pacific common of 48%.
The report, which collected responses from almost 38,000 folks in 34 nations throughout six continents, with over 1,000 working adults sampled in every market, additionally revealed that over 1 / 4 of staff (26%) held a number of jobs.
Causes for this embody overlaying fundamental residing bills, managing further monetary burdens, and saving for retirement, amongst others.
Whereas folks have completely different causes for taking up further work, holding two or extra jobs generally is a necessity in components of the world the place common wages are low relative to the price of residing, the report talked about.
Bridging the hole in residing prices isn’t so simple as working extra jobs. It requires a rising financial system that may improve wages whereas preserving inflation in examine.
ADP Analysis
- Learn extra articles on Singapore’s present affairs right here.
Featured Picture Credit score: Shadow of sunshine / Shutterstock
