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 low. On The Wealth Tracker, Nadiah Koh speaks to Jake Lim, Senior Financial Advisor, Ascent Advisory, to discuss more about the survey's latest findings.See omnystudio.com/listener for privacy information.