Credit card wielding women in Singapore increased their spending by 42 per cent from 2019 to 2023, one bank’s data shows
She is not alone. More millennials – both men and women – and their younger counterparts in the Asia-Pacific have also been bitten by the travel bug. A survey by online third-party travel platform Klook reveals that 64 per cent of millennials and Gen Zs are budgeting more for travel. “Their financial needs and preferences evolve alongside their life stages and lifestyles; and as they gain financial independence, they save and invest more and also seek to protect what they love and have built.”
Ms Suhailah Suhaimi, 33, now focuses on family and growing her wealth. The microbiologist and her civil servant husband, 37, wed in 2018. They live in a five-room Housing Board flat with their two sons, aged two and four. This is followed by fears over long-term economic prospects , and anxiety about their ability to save and invest .
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Source: IndependentSG - 🏆 9. / 63 Read more »