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Gen Z Singaporeans found to be better at saving money and budgeting than millennials

Felicia Tan
Felicia Tan • 2 min read
Gen Z Singaporeans found to be better at saving money and budgeting than millennials
Most Gen Zs (39%) cited retirement as the reason for their savings, while millennials (45%) largely sought financial freedom.
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About 85% of Singaporean Gen Zs say they began saving before the age of 22, while nearly half the amount (41%) of millennials did the same, according to a new survey by Singsaver.

The survey, which was conducted from August to September, comprised the responses of some 1,000 Singaporeans from both demographics.

When it comes to sticking to their planned budget, about 65% of Gen Zs do so “often” and “very often” compared to just 56% of millennials.

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