Why financial literacy is important for young Singaporeans

Article by Yahoo! Finance
17 August 2022

This part of the Yahoo! Finance’s Millennial Money series focuses on the financial benefits. In today’s financial landscape, there is a need for millennials to be more responsible for their finances. The increased life expectancy and the rising cost of living pinned against the backdrop of tumultuous geopolitical events and an accelerated climate crisis have created uncertainty in the future of the markets. The article quotes Chuin Ting’s comments on how money is like fire, whether knowing how to manage one’s money makes a difference to one’s financial lifestyle, and how being financially literate allows one to understand the needs and gaps and access what is critical.

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