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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, transport and food prices, it is a problem that goes beyond affordability.  There is a limit on discount, vouchers, topup. subsidies can help.  But this is the PAP way of helping Singaporeans.  Do you want to be old or young Singaporeans? Seniors go gaming, juniors go into debt.  You need to get good jobs, high salaries to match the Singapore dream! A real wage increase that beats average expectations and affordability. 



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