Daily Cuts - Young Singaporeans are wiser with their money

A new IPS survey reveals that young Singaporeans are generally more prudent spenders, but a substantial number are still willing to purchase items that make them happy even if it affects their future finances. But does this mean they are any less vulnerable to financial risks and bad habits? Asia First’s Andrea Heng and Joel Chua rationalise the findings with Dr Teo Kay Key, research fellow at IPS Social Lab and one of the survey’s lead researchers.