How much are young adults spending?

Discretionary spending: People walk along the river next to the financial business district in Singapore. A survey reveals shifting priorities as young adults in the city-state balance lifestyle aspirations with inflation, property ambitions and global volatility. — AFP

SINAGPORE: Rennes Lee considers a S$40,000 home renovation a “splurge”, even though those around her tell her it is not.

Lee, 30, renovated her four-room build-to-order (BTO) flat in July. She said the money went towards interior design and renovation, as well as buying electrical appliances and furniture for her flat.