Help children to value money, avoid incurring debt when they grow up

Researchers at the Citi Foundation - SMU Financial Literacy (FinLIT) Programme for Young Adults conducted the inaugural Financial Inclusion, Wellness and Resilience (FInWR) survey between March to April 2021. One of the key findings showed that 19 per cent of respondents found it difficult to make ends meet. This national benchmarking survey included 1,068 respondents who are young adults aged between 18 to 30. SMU President Professor Lily Kong agreed that “the survey findings are an important reference for various stakeholders to formulate intervention measures for different young adult groups to level up their financial literacy, and beyond that, strengthen their financial resilience.”