I will see whether I can try to blog twice this week, as this discussion has some merit. I was told that in the mainstream press, someone said that demonstrating financial literacy is a signifier of cultural capital. In some parts of Singapore, it can be quite a "flex." I thought I would delve deeper into this issue because I'm deeply interested in alternative forms of capital, like social or cultural capital.
Looking at the surface, I was unconvinced that financial literacy is cultural capital. It is basic knowledge that every Singaporean should know, but the finance industry has cultivated a team of commissioned salespeople to gatekeep his endeavour. Furthermore, rudimentary financial knowledge may subtly hint that you might be a commissioned financial advisor - someone that polite society should avoid in, especially in shopping malls and MRT stations.
Nevertheless, I was able to do some Googling to find out what constitutes culture. We can then...