MDRT’s latest survey reveals a striking contrast between financial awareness and actual behavior in Singapore.

While a majority of Singaporeans are familiar with various financial tools, only half rate their financial literacy as “good” or “excellent.”

Alarmingly, nearly a quarter, particularly Gen Z and millennials, say they would take out high-interest loans to invest in the stock market.

The survey also shows a generational shift toward higher-risk investments like crypto and alternative assets, while uptake of basic insurance products remains surprisingly low.

On The Wealth Tracker, Nadiah Koh speaks to Jake Lim, Senior Financial Advisor, Ascent Advisory, to discuss more about the survey's latest findings.

MDRT&rsquo;s latest survey reveals a striking contrast between financial awareness and actual behavior in Singapore.
While a majority of Singaporeans are familiar with various financial tools, only half rate their financial literacy as &ldquo;good&rdquo; or &ldquo;excellent.&rdquo;
Alarmingly, nearly a quarter, particularly Gen Z and millennials, say they would take out high-interest loans to invest in the stock market.
The survey also shows a generational shift toward higher-risk investments like crypto and alternative assets, while uptake of basic insurance products remains surprisingly low.
On The Wealth Tracker, Nadiah Koh speaks to Jake Lim, Senior Financial Advisor, Ascent Advisory, to discuss more about the survey's latest findings.

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.