For subscribers
How the young can budget and deal with higher costs
Sign up now: Get ST's newsletters delivered to your inbox
Young people should have a plan that allows them to spend and save so that they are in a stronger financial position.
ST PHOTO: KUA CHEE SIONG
Follow topic:
Gen Z is struggling to save. A higher cost of living, coupled with lower starting wages and student debt, is making it challenging for many to budget. This can delay important financial milestones such as buying a house and saving for retirement.
And it increasingly means young people are relying on the bank accounts of mum and dad for longer, or even “doom spending” to soothe their economic despair.
