Piggy bank

Less millennial financial security? Recall bias and the comparability of findings

In comparing two groups of Singaporeans – 311 millennials aged between 19 and 35 and 200 individuals aged between 60 and 69 (born between 1950 and 1959, thus part of the Merdeka Generation) – the focus of the research was on perceptions of life as a young Singaporean. In other words, the millennials were asked to reflect on their current life in the country today, whereas those belonging to the Merdeka Generation were asked to reflect on their life as a millennial during the 1970s and 1980s.