Millennials and Gen Z: Understanding the Debt Dilemma | Talking Point | Full Episode

Title: Financial Decisions and Rising Costs in Singapore: How Are Young Adults Coping? | Talking Point

## Description:
In today’s Singapore, young working adults face higher stakes when it comes to making financial decisions due to rising costs of living, increased market volatility, and longer life expectancies. At the Institute of Policy Studies and Talking Point survey, we delve into the financial struggles of young Singaporeans aged 21 to 29. Are they becoming more resourceful with their money? What are their priorities? And are they setting themselves up for more debt compared to previous generations? Join us as we explore these questions and more in this episode of Talking Point.

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✍ Full Transcript:
[Full Transcript of the Video](source_link)

With higher life expectancies, rising costs of living, and greater market volatility, the stakes are higher when it comes to the types of financial decisions young working adults have to make in Singapore today. In an Institute of Policy Studies and Talking Point survey, we polled young Singaporeans aged 21 to 29, to find out how they’re grappling with the rising costs of living. Are young adults getting more creative with how they spend their money? What matters to them? And might they be setting themselves up for more debt, compared to previous generations, in the years to come?

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About the show:
Talking Point investigates a current issue or event, offering different perspectives to local stories and revealing how it all affects you.
#CNAInsider #CNATalkingPoint #Millennials #GenZ #Inflation


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  1. To that girl who spends $300 for make-up – I’m sorry, but you could spend that money for dental solutions and get your teeth fixed, you will not need make-up to feel good or look good. You will have a new wave of confidence that peer pressure will not affect you. This is coming from a good place.

  2. This documentary is sounding like more like an ageist hit piece, yet again blaming Millennials and Gen Z for the economy when most of the basic housing, grocery, medical, everyday services, predatory credit loans, and credit card companies are owned and operated by Boomers and Gen X'

  3. Boomers and Gen X are also to blame. They are the ones making products with planned obsolescence and ads telling kids that they HAVE to have the latest phone, clothes, car, computer, holiday packages, diet plans, gym memberships etc. or either not be part of the in crowd or, even worse, not be able to participate in society.

  4. As if Millennials don’t get enough hate already…. This video is so I unabashedly biased…. It’s set up to blame young people for their financial situations without taking into account the global economic climate. Sure these interviewees could make some improvements but they face a big economic uphill battle too. This just further piles on Millennial hate.

  5. Tip from a 34y.o. : if you feel pressured by your peers to buy buy buy… change your mindset by changing the conversation. If it doesn't work, change your friends. Seriously. I don't know your daily conversation topics are about w your friends. But I can confidently say if your circle is trying to empower each other in life, career, relationships, etc, the topics are highly likely not about which luxury brand foundation it is. For me, my safety network is my earned money, so anyone trying to influence me in spending my money irresponsibly is simply not my circle.

  6. Learn to cook, learn to buy Bitcoin only, don’t buy condo don’t take bank loans, buy the right stocks like Nvdia, Apple, a.i, energy, S&P 500, MO etc and buy at the right time, take public transportation, buy gold and silver, have simple wedding, stop using credit cards, eat healthy beat stress, stay away from debt – don’t be too materialistic don’t be too attention seeking do more charity and volunteer help poor people stop being slave to modernisation 😊

  7. – develop income earning skills
    – don't buy things you don't need
    – don't try to impress other people
    – set a daily spending budget & do it
    – don't borrow money
    – don't loan money to others
    – set a savings plan & stick to it!

    When I started doing these things, I stopped running out of money

  8. This is what I tell young people all the time… the more BS you put up at work, the more money you'll make. If you want an "easy" job… you won't make a lot of money. If you work a job that no one wants, you'll make a lot more money.

  9. these 2 girls got their priorities all wrong lol
    – First girl just has to wake up early to take the public transport – walk to the train station (exercise) and you could forgo your unnecessary muay thai lessons.
    – Second girl has to spend that much on make up? girl…

  10. Millennials and Gen Z are in such a bad situation, there is little or no way for them to get ahead, with rising inflation, student debt and social media. BNPL is just another way to pray on this groups needs and is a way to screw them further. Sad times are ahead.

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