According to the report, most of those polled thought $2 was too little. Johnson Lin, a logistics manager who intends to follow the “market rate” and give between $8 and $18 per hongbao, told ST: “Two dollars was OK 30 years ago, but now, it’s really too little.”
Here’s the average amount Singaporeans plan to give their nearest and dearest, according to a survey of 503 people aged 25 to 55 by United Overseas Bank:
- Parents: $389
- In-laws: $232
- Grandparents: $181
- Children: $124
- Nieces/nephews/other relatives’ children: $132
Herworldplus also has recommended red packet amounts for domestic helpers ($8 or $12), your condo guard and other support staff ($6 to $8).
Singaporeans will also set aside 20 per cent more for their festive budget – $2,805 compared to $2,345, the UOB survey found. But this is because more of them plan to travel during this period.