A new Dbs Study in Singapore has found that Gig Workers and low-income individuals are the most financially stretched due to high inflation and interest rates. Gig workers have relatively unstable income flows, with their savings declining year on year. Their expense-to-income ratio was significantly higher than the median customer's, and their savings could only cover 1.7 months' worth of expenses. Low-income individuals also saw their expenses grow faster than their income, worsening their cash flows. The study also highlighted potential financial distress for middle-income earners who are allocating a significant portion of their income growth to mortgage payments.

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