Gaming for seniors, credit card debts for juniors? In Singapore, seniors have cash for gaming, while young Singaporeans survive on debts.
Gaming for seniors, credit card debts for juniors? In Singapore, seniors have cash for gaming, while young Singaporeans survive on debts. Cash is king. According to Zaobao, seniors in Singapore on average spend $2278 yearly on gaming, like TOTO, 4D. Oh! Seniors are rich and most likely do not borrow from credit card debts or not qualify for one. On the contrary, young Singaporeans have to incur debts to survive. A Straits Times report said, Singaporeans fall further into credit card debt as rollover balances hit record high. Young and employed, card companies are more than willing to lend. What kind of situation do you prefer? Old and cash rich and has money to buy TOTO, 4D or go casinos. Alternatively, young and short of cash, needs to borrow money to survive. Is this a healthy development? Perhaps, the young are not earning enough but refuse to cut down spending. Having fixed income, salary against raising housing, living, t...