1 in 2 high-income earners has money problems

It’s not how much you earn but how much you spend. When your income is high, you tend to leverage more as you pursue acquisition of bigger ticket items. That comes with higher interest rates and associated peripheral spending. Hence, it is not surprising that 1 in 2 high income earners have money problems, at least in Singapore.

On the other hand, high income earners also face the challenge of “have money no time”. They have no time to carefully invest their money and leave them idle in the bank. Hence, the case of their money not working harder than them.

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