Financial stress remains the dominant pressure point for workers in Singapore despite a slight improvement in overall wellbeing, according to the latest TELUS Mental Health Index. The Index shows Singapore’s overall mental health score has risen to 63.5, the highest since 2022, but two-thirds of workers still fear they will not be able to support everyday financial needs. Seventy per cent reported cutting personal spending over the past two months due to economic uncertainty.

The data reveals a direct connection between financial confidence and mental health. Workers who feel financially vulnerable recorded an average mental health score of 34.1, which is almost 43 points lower than those who feel financially secure (76.9). Employees with no emergency savings reported a mental health score of 36.2, compared with 73.2 among those who have savings. Higher income households remain significantly more resilient, with those earning above S$150,000 per year 70% more likely to feel co...