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Tuesday, 1 May 2012

No 'wealth effect' in S'poreans' spending: MAS

STOCK and property prices in Singapore go up or down, but people do not change how they spend.

The lack of a so-called "wealth effect" in Singapore was highlighted by the Monetary Authority of Singapore (MAS) in its latest macroeconomic review.

MAS found that people do not rush to go on shopping sprees just because the values of stocks or homes in general have soared.

Just For Thinking ....

 Read?  Asset Rich. Cash-flow Rich

Only when we are cash-flow rich, then we can be more generous in spending i.e. wealth effect! MAS's finding just confirm it.  We need to be both asset rich and cash-flow rich to be wealthy. Not meh?

Posted by Createwealth8888 at 08:43
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2 comments:

  1. agarwood investment1 May 2012 at 09:49:00 GMT+8

    I think the issue is that Singaporeans are naturally conservative, and there is not the conspicuous consumption culture that there is in the West. And really, that is no bad thing!

    ReplyDelete
  2. Anonymous2 May 2012 at 07:25:00 GMT+8

    i think our culture is very different from the "Ang MO" Meritocracy to the limit. No?

    ReplyDelete

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