Govt to implement youth proposals on financial resilience, S-E Asian opportunities, among others

Minister of State for Culture, Community and Youth Alvin Tan speaks at an appreciation event on April 17. PHOTO: LIANHE ZAOBAO

Syarafana Shafeeq

UPDATED Apr 17, 2025, 11:39 PM

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SINGAPORE – In response to recommendations from young people here, the Government will study whether it can start a savings plan for lower-income families and consolidate financial literacy information for youth, among other actions.

Recommendations from Forward Singapore’s Youth Panels have been accepted by the Government, said Minister of State for Culture, Community and Youth Alvin Tan on April 17 at an appreciation event for the panels.

The recommendations include the introduction of a savings plan to support lower-income Singaporeans in building up emergency savings, boosting financial support for youth ventures in South-east Asia, and exploring new approaches in tackling online harms.

Referencing the current geopolitical climate in which the world order is changing, Mr Tan said it is important for youth to think about the impact they can create.