Finance and Investment “In Singapore, young people usually don’t start saving for retirement until their late-30s. This is because food is cheap, healthcare is subsidized by the government, and mortgages can be paid through CPF! However, research shows that by using this approach, Singaporeans may wait too long – and that they may not be able to maintain the lifestyle they desire in retirement if they don’t start to save (and invest) earlier. Capital Group wants to know – “How can we best engage young people in a conversation about saving and investing earlier?” You can consider the following questions in your answer: Are there any barriers to saving for young people that you think can be reduced? Do you think that young people are broadly aware of the benefits of saving and investing early? Whose responsibility is it to foster good savings habits in young people? Family, schools, government, University, jobs, financial advisors, asset management companies, etc. What’s different about the environment today for young people vs. 30 years ago? What factors may help us to foster better savings habits?