Mr Leon Perera: To ask the Minister of Trade and Industry (Trade) what is the level of financial savings or financial assets owned by Singaporean households and individuals in each of the past 5 years, broken down according to the (i) mean (ii) median (iii) 10th percentile and (iv) 90th percentile.
Written reply:
The aggregate level of financial assets owned by Singapore’s household
sector[1]
in each of the past five years is provided in Table 1. Data on the amount of financial assets owned by
households and individuals in the different income percentiles is not
available.
Table 1. Financial assets of household sector in Singapore (in billion dollars)
|
End of Period
|
Dec 2013
|
Dec 2014
|
Dec 2015
|
Dec 2016
|
Sep 2017
(latest data available)
|
|
Financial
Assets
|
887.3
|
943.9
|
988.0
|
1,060.0
|
1,126.1
|
|
(i) Currency and deposits
|
322.6
|
342.3
|
365.8
|
395.6
|
408.6
|
|
(ii) Shares and securities
|
173.3
|
175.3
|
165.2
|
165.5
|
178.2
|
|
(iii) Life insurance
|
124.3
|
136.7
|
141.8
|
153.8
|
169.9
|
|
(iv) CPF
|
253.0
|
275.4
|
299.5
|
328.9
|
353.1
|
|
(v) Pension funds
|
14.1
|
14.3
|
15.7
|
16.2
|
16.3
|
Source: Department of Statistics
____
[1] The
household sector consists of all household institutional units that have
engaged in economic activities in Singapore for at least a year. They include
Singapore Citizens, Permanent Residents and foreigners. A further breakdown of
the sector by the types of households such as Singapore Citizen households is
not available.