More young Singaporeans are in debt, with growing number defaulting on loans: Report

[Scrooball (clone)]

Using CDC to deal with increasing cost of living is like taking Panadol for cancer.

 

[ftan42]

Without debt spending, the economy will stagnate at its current stage or, worse, even deteriorate.

 

[Scrooball (clone)]

Without debt spending, the economy will stagnate at its current stage or, worse, even deteriorate.

Debt spending creates bubble though. Once the bad debts come around and if housing crashes, be prepared for more cases at Bedok Reservoir.

 

[True Believer]

The authorities claim that the proportion of S'poreans who are employed or looking for work has been on a steady decline, mainly because older workers make up a larger share of residents. This sounds like a poor excuse for foreigners displacing locals in the workforce, with the older locals considered retired or no longer interested in working when they cannot find jobs.

 

[k1976]

Voucher is a target spending by consumer to spur the economics.

To help Sinki to enjoy fruit of their labours - Swiss standard of living mah

 

[k1976]

Some ppl fully pay for their cars in cash

But some prefer to lock their $$$ in some blue chip to earn dividends and price appreciation de woh

 

[Scrooball (clone)]

But some prefer to lock their $$$ in some blue chip to earn dividends and price appreciation de woh

If you are rich, you don’t need to play these tricks la. You pay the car in full, then use the rest of your money to invest.

 

[k1976]

If you are rich, you don’t need to play these tricks la. You pay the car in full, then use the rest of your money to invest.

Well, it is not a matter of rich or poor
It matters as u want $$$$ to work hard to support your lifestyle mah

 

[Balls2U]

Incurring debt to make money or acquiring appreciating assets is ok. But owing money to buy luxury goods and cars to show off is pure stupidity and suicidal.

 

[syed putra]

You live on malay island you end up like malays.

 

[Aaron carter]

I’ve been in a tight spot before and what helped me avoid digging a deeper hole was slowing down before taking any new loan and tracking every tiny expense, even the kopi runs. I’ve used saturday payday loans once for an urgent bill, but only after double‑checking I could pay it back fast. Talking to someone neutral about money habits also took a load off my mind.

Nice try with that advert plant.

 

[syed putra]

Trump already said he will fix the credit card debt problem.

 

[birdie69]

Incurring debt to make money or acquiring appreciating assets is ok. But owing money to buy luxury goods and cars to show off is pure stupidity and suicidal.

Married Indranee would solve all the financial issues.

 

[ftan42]

I am still overwhelmed by the 1% GST increase in 2023, followed by another 1% hike in 2024. Coupled with the rising inflation rates in 2025 and the anticipated increases in 2026, I feel utterly exhausted. I've made an estimated calculation based on the increase, which comes to approximately $200 per month on household spending. It may seem insignificant to those with high SES, but not to those with lower SES like me.