Singapore: leading areas to reduce spending 2022

According to a survey on spending habits in Singapore in light of the hike in goods and services tax (GST) conducted in February 2022, more than 50 percent of respondents who said that they would maintain or reduce their spending, stated that they would cut down on dining out and buying take-away. Cutting back on food expenditure, be it dining out or food delivery orders, were the leading ways in which Singaporean consumers planned to reduce their spending.

Leading areas to cut back on spending in the next 12 months in Singapore as of February 2022

Characteristic	Share of respondents
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Release date

February 2022

More information

Region

Singapore

Survey time period

February 10, 2022

Number of respondents

830 respondents

Age group

18 years and older

Method of interview

Online omnibus survey

Supplementary notes

Original question: Where would you likely cut back on spending in the next 12 months of the GST increase? This could include making fewer purchases or switching to a cheaper model/brand of items you were planning on buying. Please select all that apply.

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