atans1

Why high property prices are good for S’poreans

In Financial competency, Property on 08/12/2015 at 5:26 am

 

 

 

 

They force S’poreans to be pretty financial literate. Look at our ranking.

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  1. That’s a large leap of assumption. How come HK’s financial literacy is lower despite even higher property prices. I suggest high wage relative to GDP accounts for financial literacy – that explains why most of the European nations are ranked higher. Conversely, adjust GDP per person by wage ratio of GDP.

  2. Yeah HK jumped out at me too. Maybe it depends on where they did the survey. E.g. they might have asked Sinkies at Raffles Place, or MBFC, or Shenton Way. Versus hongkies at Mongkok or Tsim Sha Tsui. Then again with foreigners making up 60% of the working population in S’pore, maybe quite a number of foreigners sneaked into the S’pore results.

    Anyway I did the quiz before. It’s really simple, not much math involved. More of common sense & logic. I guess those where education focused on math & logic will do better.

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