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SINGAPORE – Credit card debt is actually off however, personal debt rose regarding 2nd one-fourth, which have credit upwards greatly certainly teenagers especially.
The brand new numbers indicated that the degree of debt taken up of the consumers in their twenties raised 19 % over the very first one-fourth, likely as a result so you can financial difficulties as a result of the fresh new Covid-19 pandemic as well as lockdowns.
Consumer loan and you will overdraft balances for all age range features increased but members of the 20s was in fact trying out significantly large levels of obligations in the way of unsecured loans once the next quarter from this past year.