GST hike: How to manage your money better

The Goods and Services Tax (GST) is set to rise from 7 per cent to 8 per cent in January 2023. Household budgets are expected to tighten and spending habits will need to be adjusted. Sumit Agarwal, Professor of finance, economics and real estate at NUS Business School, explains why the GST hike is unavoidable, and what you can do to manage it. See omnystudio.com/listener for privacy information.