Financial Freedom For The Millennial
People Magazine South Africa|March 01,2019

MILLENNIALS do not have very much money, yet are constantly told that they need to save more.

Financial Freedom For The Millennial

EMMA STONE, Jennifer Lawrence, Kristen Stewart, Mila Kunis, Justin Bieber and Hilary Duffare all part of the millennial generation. Who qualifies as a millennial? The millennial generation is the generation of children born between 1982 and 2002, some 81-million children have already entered university and the workforce. This generation will replace the Baby-boomers as they retire. We put the exact date range of millennials as those who are 18-35 today basically today’s high school graduates to 35-year-olds. “Millennials are ever the hot topic locally and globally. In South Africa, they make up nearly half – 46 percent to be exact – of the population. Whilst many have opinions about millennials, one thing that cannot be disputed is that they are hungry for growth in their education, their skillset and the stability of the economy as established by the 2018 Deloitte Millennial Survey,” says Francois Viviers, executive of Marketing and Communications at Capitec Bank.

“In a survey we conducted 40 percent of South African millennials stated they want a better paying job, 37 percent want to pay off outstanding debts in order to live better and 32 percent are intent on saving. When questioned about what they would like to save towards, it comes as no surprise that a whopping 40 percent would like to own their own property; while 22 percent of respondents are more deeply rooted in exploring the world and a further 21 percent of respondents are looking to upskill themselves.” Francois gives tips on how millennials can achieve their financial goals:

Denne historien er fra March 01,2019-utgaven av People Magazine South Africa.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra March 01,2019-utgaven av People Magazine South Africa.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA PEOPLE MAGAZINE SOUTH AFRICASe alt
A Glimpse Into A Prince's Charming World
People Magazine South Africa

A Glimpse Into A Prince's Charming World

What's home life like now for the future king?

time-read
2 mins  |
February 7, 2020
People Magazine South Africa

Can Your Relationship Survive Addiction?

Loving someone with an addiction can be incredibly tough.

time-read
5 mins  |
February 7, 2020
DRINKING YOURSELF TO Death
People Magazine South Africa

DRINKING YOURSELF TO Death

“FIRST you take a drink, then the drink takes a drink, then the drink takes you.” – F. Scott Fitzgerald

time-read
9 mins  |
February 7, 2020
Vote Team Meghan & Harry
People Magazine South Africa

Vote Team Meghan & Harry

LIFE is a royal mess as Meghan and Harry call it quits on the crown.

time-read
5 mins  |
February 7, 2020
With A Kiss...
People Magazine South Africa

With A Kiss...

TWENTY years of Oscar night shocks, triumphs and embarrassing moments!

time-read
5 mins  |
February 7, 2020
People Magazine South Africa

One's Horrific Enough – She's Surviving Five!

She thought she had flu; it turned out to be so much worse.

time-read
3 mins  |
January 24, 2020
Housebound By 20 Litres Of Fat!
People Magazine South Africa

Housebound By 20 Litres Of Fat!

A MOM is pleading for strangers to fund ife-changing surgery.

time-read
3 mins  |
January 24, 2020
People Magazine South Africa

Geordie Shore's Scotty T Still Bankrupt!

Former Geordie Shore star Scotty T had been enjoying the lifestyle of the rich and famous a little too much and is still officially bankrupt, having been declared such nearly a year ago after reportedly owing creditors over R2.9-million.

time-read
5 mins  |
January 24, 2020
Royal Secrets Revealed
People Magazine South Africa

Royal Secrets Revealed

Details the family doesn’t want you to know...

time-read
4 mins  |
January 24, 2020
People Magazine South Africa

The Price Of Pet Insurance

We all love spoiling our pets but some of us have more money to burn on our fluff bums than others.

time-read
3 mins  |
January 24, 2020