Insuring yourself before the rain comes

WHEN the 2008 global financial crisis hit, the biggest challenge in my life then was the Primary School Leaving Examination. I remember rushing to do mock math papers in a bid to master every “tricky question” examiners could throw at us.

Many of us Gen Zs and younger millennials may have been oblivious to how our parents tightened their belts when inflation rates ranged between 5 and 8 per cent year-on-year in 2008.

Yet we face similar challenges today, with headline inflation hitting 5.6 per cent in May this year.