The latest update from the Sensing SG poll, conducted by Blackbox Research, reveals that concerns regarding the cost of living among Singaporeans have significantly decreased. In December, only 34% of the 1,505 respondents expressed worries about living expenses, a notable drop from nearly 60% a year earlier.
Despite ongoing global inflation, the data indicates that the cost of living, while still the primary concern, is less pressing than before. Other issues such as salaries, job security, and housing affordability have shown minimal changes, with fewer than one in six residents identifying them as top concerns. The poll asked participants to select their two most pressing national and community issues.
Interestingly, the results suggest that many Singaporeans are generally satisfied with their financial situations. Approximately 80% report feeling financially secure, while about 86% view the local economy positively. This contradicts the stereotype of Singaporeans as perpetual critics, indicating that a majority may actually be content with their circumstances.