Household Sector Balance Sheet, Made Simple
The Household Sector Balance Sheet shows what people and small businesses in Singapore own (assets like houses and savings) and what they owe (liabilities like loans and credit card debt).
This helps us understand how rich or in debt they are.
It includes citizens, permanent residents, foreigners, and small businesses (unincorporated enterprises).
But only if they have lived or done business in Singapore for at least a year.
Busy? See the Comic!
Why Household Sector Balance Sheet Matters
It shows if families have enough money or if they owe a lot of money.
If people have more money, they can spend it on things like food, clothes, or going on trips.
That helps shops, restaurants, and other businesses.
And when businesses do well, they can give more jobs to people.
Read Household Sector Balance Sheet’s Articles
Household finances Q1 2025 shows Singapore net worth up 8.1% with rising mortgage and personal loans driving liabilities higher. Image Source: Artist Impression
Other Terms to Know
- Nil
