Hi there, That’s a really interesting question, though it hinges on the assumption that young adults are not financially literate—which is not necessarily the case today. —1) Older =Savvier in Financial Literacy? I suppose it’s also a matter of how we spend our free time outside of mugging/working and spending money on treats. I do observe that there’s an increasing trend of more financially literate youth over the years and they may be even savvier than older adults sometimes in terms of managing finances as they are exposed to more information online via blogs and websites like Seedly. I also don’t feel that it’s a fair assessment that age dictates how financially mature or literate an individual is—just look around you for real life examples. Perhaps in the past a particular method of saving and investment worked very well as SG economy transformed from industrial economy to a knowledge based economy today, and some people benefitted greatly from smart investing decisions during that period. However, SG’s economy is no longer enjoying that rapid economic growth anymore— so some “tried and tested” advice from the previous decades may not work as well for young people now. —2) Priorities Differ Each of us has different needs and wants— some prefer to YOLO while others adopt a more conservative suffer first enjoy later approach. I do not think it’s fair to stereotype most young adults as irresponsible and frivolous in spending. It’s just a matter of different values when it comes to budgeting and investment. —3) Decision making depends on stage of life Perhaps if one is single without any obligations or dependents to look after and is generally healthy, he/she may not feel that it’s urgent or pertinent to manage his/her finances. However, when people move to different phases of life, their decision-making when it comes to what to spend on and what not to would change accordingly. Ultimately, what works for somebody may or may not work for you. So, use your own discretion to make important financial decisions wisely—it’s your life anyway.