Gen Z is spending more with e--To The Moon - Tiger Brokers Online Investing Community - To The Moon

Gen Z is spending more with e-Wallets in their spending habits as compared to previous generations. Several factors that might contribute to the higher spending among Gen Z:

1. Technology and gadgets: Gen Z tends to prioritize spending on technology, such as smartphones, laptops, and streaming services, which can add up over time.

2. Experiences over possessions: Many Gen Z individuals value experiences like travel, dining out, and attending events, which can lead to increased spending compared to spending on material possessions.

3. Social media influence: The influence of social media can lead to spending on fashion, beauty products, and other items that are popular or trendy among peers.

4. Education costs: With rising tuition fees and student loans, many Gen Z individuals face significant financial pressures related to education expenses.

However, it is essential to note that individual spending habits can vary widely within not only among Gen-Z but also any generation, and factors like income, location, and personal values also play a significant role in spending more with e-Wallets.

Is Gen Z in Singapore Spending More Using E-Wallets?

A recent survey in Singapore found that 71% of Gen Zs think mobile apps and digital services are improving at the right pace, but 29% are spending more money because of them.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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