Tiagong Gig savvy workers saving can only cover 1.7mth expense, is it fake news?

Singapore's gig workers are its most financially stretched group, DBS study says​

PUBLISHED FRI, JUL 14 2023 12:28 AM EDTUPDATED FRI, JUL 14 2023 12:35 AM EDT

Goh Chiew Tong
@CHIEWTONG_G
WATCH LIVE

KEY POINTS
  • A new DBS study conducted in May 2023 found that gig workers were the most financially stretched, with relatively less stable income flows and savings declining year-on-year to an "unhealthy range."
  • Gig workers' savings can cover only 1.7 months' worth of expenses, which is lower than the bank's recommended range of three to six months.
  • Growth in expenses also outpaced income growth for the lower-income group and baby boomers (59 to 77 years old).
 
But many savvy fig workers claimed to earn $10k is like sub sub sui?
 

Singapore's gig workers are its most financially stretched group, DBS study says​

PUBLISHED FRI, JUL 14 2023 12:28 AM EDTUPDATED FRI, JUL 14 2023 12:35 AM EDT

Goh Chiew Tong
@CHIEWTONG_G
WATCH LIVE

KEY POINTS
  • A new DBS study conducted in May 2023 found that gig workers were the most financially stretched, with relatively less stable income flows and savings declining year-on-year to an "unhealthy range."
  • Gig workers' savings can cover only 1.7 months' worth of expenses, which is lower than the bank's recommended range of three to six months.
  • Growth in expenses also outpaced income growth for the lower-income group and baby boomers (59 to 77 years old).
These are the groups that will punish PAP severely next GE.
 
Nope. Grab is owned by Temasek. Before GE they will throw some copper coins to these rickshaw pullers
I think it won't work this time. Got a few friends doing this and they are really sore with PAP. With my help of course ...
 
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