M&C
22 Jun 2008
Singapore - Young employed adults below 30 are Singapore's fastest-growing group of debtors, a published report said on Sunday.
On average, they owe 55,000 Singapore dollars (41,000 US dollars) to about seven creditors, according to Credit Counselling Singapore (CCS).
The under-30s made up 13 per cent of all cases handled by the non-profit group last year, up from 9 per cent in 2006, said the findings in The Sunday Times. During the first three months of this year, the under-30s mired in debt climbed to 15 per cent.
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