New study finds gap between youth optimism on finances and actual readiness
A new Youth Future-Readiness Index has found that while young people in Singapore are confident about their financial skills, most lack essential digital financial literacy compared to their global counterparts. They scored under 60 points on the index, well below the OECD benchmark of 70, putting them at higher risks of fraud, scams, and poor investment decisions. Sharifah Mohamed is the Assistant Programme Chair of the Diploma in Businessat Republic Polytechnic. She gives her analysis of the situation.
A new Youth Future-Readiness Index has found that while young people in Singapore are confident about their financial skills, most lack essential digital financial literacy compared to their global counterparts. They scored under 60 points on the index, well below the OECD benchmark of 70, putting them at higher risks of fraud, scams, and poor investment decisions. Sharifah Mohamed is the Assistant Programme Chair of the Diploma in Businessat Republic Polytechnic. She gives her analysis of the situation.
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