# Economic and future preparedness concerns in Singapore > Live situation record from CLSTR: https://clstr.news/situations/economic-and-future-preparedness-concerns-in-singapore > Updated: 2026-08-26T02:00:00.000Z. Sources: 5. Developments: 2. Economic and personal preparedness concerns are rising in Singapore. A survey by the Singapore Chinese Chamber of Commerce and Industry (SCCCI) indicates that 71.8% of businesses are concerned about rising costs, driven by geopolitical tensions and global economic uncertainty. While most companies expect to remain profitable, only 20% expressed optimism about their business prospects. This economic anxiety is mirrored among the youth, with 66% expressing concern regarding their personal futures due to the rising cost of living. Further data from the Etiqa Insurance Singapore Life Preparedness Survey 2026 shows that only 49% of Singaporeans feel prepared for the next decade. Financial security is the primary metric for preparedness for 68% of respondents, with 47% identifying a lack of money as the greatest barrier to being future-ready. To improve preparedness, citizens intend to focus on increasing savings, regular exercise, and spending time with loved ones. ## Timeline ### 2026-08-26: Singaporeans report low preparedness for next decade A 2026 survey by Etiqa Insurance Singapore shows only 49% of Singaporeans feel prepared for the next decade, with financial insecurity cited as the primary barrier to future readiness. 5 sources. https://clstr.news/cluster/singaporeans-report-low-preparedness-for-next-decade ### 2026-08-08: Singapore businesses and youth express economic concerns Surveys in Singapore highlight rising business costs as a top concern for firms, while 66% of youth express anxiety about their personal economic futures despite confidence in the nation. 2 sources. https://clstr.news/cluster/singapore-businesses-and-youth-express-economic-concerns --- Cite as: Economic and future preparedness concerns in Singapore. CLSTR, https://clstr.news/situations/economic-and-future-preparedness-concerns-in-singapore