The GSI fell by two points to 78 points in April and is now one point less than at the same time 12 months ago, despite the improved economy and low unemployment.
The biggest areas of decline were in cost of living (-7), levels of salaries and wages (-5), housing affordability (-4) and management of the economy (-4), suggesting that there might be rising concerns amongst Singaporeans about their financial well-being.
The only area which saw an improvement is the environment (+2).
Author: Blackbox Research Team
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