Thursday, May 27, 2010

Younger S'poreans struggling with debt

More young Singaporeans are defaulting on their debts, especially those aged 21 to 29 who are married as there is always pressure to spend. There is a need to reassess spending plans and set more realistic budgets and stick to it.

If this lack of discipline continue, it will hurt in the long run as it will affect the credit rating and ability to access credit in the future.

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