Young adults tackle first economic crisis

The Sunday Times finds out how they are rethinking their saving and spending habits with the Covid-19 pandemic

(Clockwise from top left) Financial consultant Ho Shi Lei, freelance emcee Derrick Yip, senior marketing executive Chua Yi Bei and student-care teacher Saravanan Kumaran are picking up new saving habits and/or seeking investment opportunities.
(Clockwise from top left) Financial consultant Ho Shi Lei, freelance emcee Derrick Yip, senior marketing executive Chua Yi Bei and student-care teacher Saravanan Kumaran are picking up new saving habits and/or seeking investment opportunities. PHOTOS: COURTESY OF CHUA YI BEI, HO SHI LEI, SARAVANAN KUMARAN, THE CURIOUS LIGHT PHOTOGRAPHY

Instead of "Grab-bing everywhere" like he used to, freelance emcee Derrick Yip now wakes up earlier to walk to the MRT station, just one of the many saving habits he has picked up since his gigs dried up in February.

"If I walk, at least I can get the $5 voucher from the (National) Steps Challenge," the 30-year-old quips, referring to the initiative to get Singaporeans to become more physically active.

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A version of this article appeared in the print edition of The Sunday Times on June 21, 2020, with the headline 'Young adults tackle first economic crisis'. Subscribe