wow...this is shocking, I thought Singaporean with it's strong currency strength, quite a high ranking country with the most millionaire should be well off in their financials but still need to borrow loans? This does not make sense.
Country well off doesn't necessarily mean that the people are financially literate. Lifestyle inflation is so real in Singapore, where eating out in restaurants is a common occurrence, buying designer wear is not an issue, taking multiple vacations each year is the norm.
Not a good sign. The wealth gap has widen. At this range of age, suppose to have surplus and ready to disembark from employment for retirement. It’s unaffordable if they continue to live the country. The phenomenon affects all the countries rich, middle and poor.
If they can't borrow from banks, they will borrow from family and friends instead, n they wont think of repaying back due to no interest and late charges....kns so annoying these people and their bad money habits. High risks borrowers
I don't get this RUclips. Why not keep the secret for himself so that he canale all money. After all. Investing is a zero sum gain. If somebody makes lots of money means other people have lost
@@Jeff-sm8of the more you share, the more you give knowledge freely and willingly, the more you create value for others, that's when your own value increases as well. There is plenty of money for everyone. No need to be selfish and keep it all.
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wow...this is shocking, I thought Singaporean with it's strong currency strength, quite a high ranking country with the most millionaire should be well off in their financials but still need to borrow loans? This does not make sense.
Country well off doesn't necessarily mean that the people are financially literate. Lifestyle inflation is so real in Singapore, where eating out in restaurants is a common occurrence, buying designer wear is not an issue, taking multiple vacations each year is the norm.
Not a good sign. The wealth gap has widen. At this range of age, suppose to have surplus and ready to disembark from employment for retirement. It’s unaffordable if they continue to live the country. The phenomenon affects all the countries rich, middle and poor.
@@tg988 yes, not a good sign indeed.
If they can't borrow from banks, they will borrow from family and friends instead, n they wont think of repaying back due to no interest and late charges....kns so annoying these people and their bad money habits. High risks borrowers
@@MHAdventures-b5l desperate times calls for desperate measures, that's why.
Just poor spending habits if you ask me
Which stems from poor mindset and poor financial literacy. It's a vicious cycle
This group is probably living in properties with over inflated prices. Better sell off and downgrade to old hdb flats before the bubble bursts bigly.
@@windydragon6522 🤷
I don't get this RUclips. Why not keep the secret for himself so that he canale all money. After all. Investing is a zero sum gain. If somebody makes lots of money means other people have lost
@@Jeff-sm8of the more you share, the more you give knowledge freely and willingly, the more you create value for others, that's when your own value increases as well. There is plenty of money for everyone. No need to be selfish and keep it all.
Debt
@@ivanhosooheng2110 awesome!
kfc sales down?
@@greekre why ah?
@@corporatebreakoutcouple cos they have dropped around the world and there are so many there, i'm curious
@@greekre perhaps you are referring to the boycott of KFC in certain countries. Singapore KFC isn't affected, as far as we know