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Wealth Tracker: How younger Singaporeans are investing differently
MDRT’s latest survey reveals a striking contrast between financial awareness and actual behavior in Singapore. While a majority of Singaporeans are familiar with various financial tools, only half rate their financial literacy as “good” or “excellent.” Alarmingly, nearly a quarter, particularly Gen Z and millennials, say they would take out high-interest loans to invest in the stock market. The survey also shows a generational shift toward higher-risk investments like crypto and alternative assets, while uptake of basic insurance products remains surprisingly…
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