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Maybe I missed something in the article but why Singapore and not a country closer in culture to the US? Like why not compare to Canada or the UK, or anywhere in Europe?

Did the study have to go as far as Singapore to find somewhere where the situation was reversed or was there another factor?

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A few days ago there was a discussion about how Singapore forces their people to save and invest in bonds. The country makes money on the difference between the daily/compound rates and it keeps their workforce working.

In other words, I suspect it's "we started with Singapore then compared to America" not the other way around.

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