It's hard to believe when we're scrambling to find NTUC Fairprice coupons for groceries and scrounging every cent for our savings, but households in Singapore are actually the richest in Asia.
Or at least that's what it says on the recent Global Wealth Report released by financial services firm Allianz. Apparently, Singapore's gross financial assets (bank deposits, securities, insurance and pension funds) per capita reached up to €114,155 (SGD173,050) by the end of 2015 — the highest among 10 Asian countries that were surveyed.
Even Japanese households don't make that much. They came in second, making €108,660 in gross financial assets per capita for the year, while Taiwan came in third with €99,257.