A new survey by MoneySmart finds that 46% of Hong Kong and Singaporean adults are actively trying to go against their parents' bad financial habits. The new study looked at how parents’ behaviours shape financial habits in later life, finding that those whose parents tended to overspend, shop impulsively or struggle with debt, were likely to do the same as adults. Over half (54%) of Hong Kong and Singaporean adults believe that their parents have had a strong influence on their financial habits. Or to find out how Singaporean adults compare, please visit: https://www.moneysmart.sg/credit-cards/how-parents-influence-our-financial-habits-ms Research conducted on behalf of MoneySmart by 3Gem amongst 2,000 Hong Kong and Singaporean adults (aged 18+). MoneySmart provides a financial comparison and content platform for consumers to make informed product choices across a range of banking, insurance and investment products.
