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 evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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