What 'vibecession'? Some 80% of people in Singapore say they're bullish about the economy

Majority of the residents in Singapore are bullish about where the economy is headed and confident that the government will be able to support them during their retirement.

That's according to a poll by SurveyMonkey, carried out across nine countries in collaboration with CNBC.

Some 61% of adults in Singapore — one of the world's most expensive cities to live in — feel like they are living paycheck to paycheck, according to SurveyMonkey's 2024 "Your Money International Financial Security" survey.

Yet 79% say they are optimistic about where the economy is headed.

The results in Singapore buck the global trend, where less than half the adults polled are positive about where their economy is going. People in Singapore (79%) and Mexico (74%) are optimistic about their financial prospects.

However, majority of the adults polled in the other countries are far less bullish about their future: 49% in the U.S., 37% in the U.K., 36% in Australia and 34% in Germany expressed the same optimism.

The survey gathered results from over 4,300 adults living across Australia, France, Germany, Mexico, Singapore, Spain, Switzerland, the United Kingdom and the United States between March 8 and 25. The results provide a picture of the financial sentiment of adults globally.

From the onslaught of mass layoffs to global inflation, many people around the world are pessimistic about the economy and feel anxious about how it affects their finances.

That's despite predictions by the International Monetary Fund that the global economy is approaching a "soft landing" and that inflation is slowly moderating.

Yet SurveyMonkey's poll found that majority of adults across the nine countries surveyed are grappling with financial stress, and inflation is their no.1