dc.contributor.authorWee, Wang Ting
dc.contributor.authorWong, Soke Yin
dc.contributor.authorYap, Choon Lan
dc.description.abstractThe expansion of the consumer credit market and the increased level of personal spending have aroused much interest Authority in recent years, particularly from of Singapore (MAS). the Monetary It is the interest that MAS has shown that provided the stimulus for this project. The main purpose of which is to establish if there has been a change in the lifestyle of the recent and current generations of Singaporeans, who have grown accustomed to the use of credit facilities. In order to achieve this objective, an analysis of credit and savings facilities and consumer behaviour has been carried out. The result of the literature search and the analysis of the data derived there under have revealed that a combination of stable political climate, strong economy and job security have led to a change in consumer behaviour. As Singaporeans have prospered, with higher disposable incomes, they have accepted the use of credit facilities to meet their immediate financial needs which cannot be satisfied from current income. In response, lenders have offered a greater variety of products to cater for this growing and changing demand. In the process of tracing the growth of the consumer credit market, it has been established that the expansion of credit has been accompanied by an increase in savings. Thus, though Singaporeans have become more credit-oriented, they are still a thrifty society. However, just in case the credit market begins to expand too rapidly in the years to come, it is recommended that MAS should closely monitor the position and take positive action where this is considered necessary.en_US
dc.format.extent125 p.en_US
dc.rightsNanyang Technological University
dc.titleHave Singaporeans become more credit-orienteden_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorPhilip Gerrarden_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US

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