Investing Updates : “Equity”, “ETF”, and “GDP” are the top financial terms Singaporeans don’t understand

Source : 

https://theindependent.sg/equity-etf-and-gdp-are-the-top-financial-terms-singaporeans-dont-understand/

Apple Intelligence : 

• Most Confusing Financial Term: “Equity” is the most confusing financial term for Singaporeans, referring to the value an owner truly owns after settling debts.

• Second Most Confusing Term: “ETF” is the second most confusing term, referring to a ready-made investment portfolio that trades on the market.

• Financial Literacy in Singapore: More younger adults in Singapore are interested in investing but struggle to understand financial jargon.

• Financial Terms Singaporeans Search: GDP, arrears, correlation, yield, annuity, capital, APR, and principal.

• Financial Illiteracy in Singapore: 55% of Singaporeans reported being financially illiterate, with 52% unaware of their monthly spending.

• Impact of Financial Illiteracy: Those with low financial literacy are worse off financially, even with similar income levels to their literate peers.