8 in 10 eligible Singaporeans aged under 30 yet to use SkillsFuture credits

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Across all ages, seven in 10 people have not used the SkillsFuture Credit since the scheme was started in 2015.

to pay for a wide range of approved skills-related courses“Those who have just graduated and just entered the workforce, they are very eager to put into practice what they have learned and so on,” said SkillsFuture Singapore chief executive Tan Kok Yam.

Data from SkillsFuture Singapore chief showed that only 16.8 per cent of eligible Singaporeans under the age of 30 have used their SkillsFuture credits, and about 26.4 per cent of those aged 60 and above have done so. Other age brackets registered higher utilisation of the credits, at more than 35 per cent. Of the eligible individuals aged between 30 and 39, for instance, 38.8 per cent have utilised their credits.

“It really depends on what each individual prioritises and if they're able to take night classes after work, then maybe there's something that is possible for them,” said a 28-year-old.SSG is urging more to take up courses, as it continues to look at how to make learning flexible and more accessible.

Similarly, 62-year-old Spencer Tay used his SkillsFuture credits to aid his career transition from the metal finishing industry into healthcare.

 

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