Major financial institutions in Singapore are observing a notable trend of younger residents accumulating wealth and entering affluent banking tiers at an accelerated pace. Data from DBS indicates that the number of millennials joining its Treasures segment tripled during the first half of 2026 compared to the previous year. Similarly, OCBC noted a nearly 50 percent annual increase in customers in their twenties reaching higher wealth brackets. Meanwhile, UOB recorded a growth of over 10 percent in investors aged 16 to 24 by April 2026. Industry experts attribute this shift to improved financial literacy, the widespread availability of digital investment platforms, and a heightened focus on long-term economic stability among the younger generation. These findings highlight a broader movement toward proactive wealth management among Singaporeans earlier in their professional lives.
Source : The Independent Singapore
Photo : The Independent Singapore
