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01-07-2014, 09:10 PM
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Rich Singaporeans to spend more this year: Survey
An honorable member of the Coffee Shop Has Just Posted the Following:
i dun believe the shit they say...:rolleyes: http://www.todayonline.com/singapore...re-year-survey SINGAPORE — Affluent Singaporeans are planning to spend more on dining, entertainment and travel this year, and the willingness to open their wallets is being driven by an increased optimism in the local economy, said Visa. According to the Visa Affluent Study, released today (July 1), 82 per cent of affluent respondents from Singapore — defined as cardholders that earn more than US$100,000 (S$124,600) in annual income — intend to spend the same or more this year than they did last year. Sentiments that employment opportunities will deteriorate in the next 12 months also fell to 21 per cent, from last year’s 41 per cent, it added. Additionally, more affluent respondents are looking forward to an increase in household income, with 59 per cent expecting it this year compared with 51 per cent last year, according to the survey. About 45 per cent of Singaporean respondents indicated they intend to increase their discretionary spending in the next 12 months, the study found. 39 per cent of respondents said they would spend on family holidays, 33 per cent on an evening or night out, and 30 per cent on fine dining. On average, respondents are willing to spend S$6,900 on a family holiday, S$700 for a night or evening out and S$500 for fine dining, according to the survey. Ms Ooi Huey Tyng, Visa Country Manager for Singapore and Brunei, said: “There is a more positive outlook among affluent consumers as shown in the increase in year-on-year optimism about the local economy. This suggests an increased willingness for people to open their wallets, especially for discretionary spending categories such as dining, entertainment and travel.” Visa commissioned TNS Singapore to conduct the survey between September and December last year, and a total of 5,169 affluent consumers were polled from 11 countries, including Singapore, Japan, Indonesia, Russia, and Australia. At least 500 interviews were conducted online with respondents in each market, except UAE and New Zealand. CHANNEL NEWSASIA Click here to view the whole thread at www.sammyboy.com. 
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