SINGAPORE'S school-going children seem unaware of terms such as 'recession' or 'economic downturn'.
To the average teenager, a budget meal costs $8 at a fast-food outlet and saving means putting aside money for a 'cool' $248 iPod nano. When they run out of cash, they just ask their parents for more.
The Straits Times polled 100 students - aged 13 to 19 - who received pocket money. Their responses showed most of them did not think the current recession here would affect their spending habits or that of their families.
Read Lim Pow Hong and Seow Kai Lun's story in Thursday's edition of The Straits Times.
