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Personal debts rising among young adults in S pore amid pandemic, Credit Bureau Singapore data reveals

Borrowing money by young Singaporeans soars during pandemic

SINGAPORE - Personal debt among young adults here has been rising during the Covid-19 pandemic, and the situation could worsen once interest rates start to rise. Credit Bureau Singapore data showed that while credit card borrowing showed no significant variation, people in their 20s have been taking on increasing amounts of other debt since the second quarter of last year..

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