Singapore households’ net wealth up, but also taking on more debt such as home loans
Singaporean household net wealth grew by 6.7 percent in early 2026, reaching $3.3 trillion. However, household liabilities are rising at a faster rate than assets, marking a trend of increased borrowing that has persisted for ten consecutive quarters.
Why it matters
The trend of debt growth outpacing asset accumulation suggests potential long-term financial vulnerability for households, though systemic risk remains low due to high overall wealth levels.
Household liabilities are growing faster than household assets, a shift that emerged in the fourth quarter of 2025 and continued through the first quarter of 2026.
The article relies on official government statistics and provides a balanced view by including expert commentary that contextualizes the debt levels against total wealth.
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