The advancement of technology has immensely affected the global investment market in the last forty years. While the progression of technology was slower in the early part, globalization soon followed and technological interventions in the investment market grew at a faster rate. Those born in the eighties and nineties are the ones strangely witnessed this strong change and gradually developed certain habits which combined both their inclinations towards the age-old financial practices and their new-age learning. With time this gave way to certain financial trends which are frightening yet is the realistic picture of how the current generation thinks and does to their money.
1. LACK OF INVESTMENT IN RETIREMENT SCHEMES
More than 40 percent of the youth currently working in the mainstream financial sector are least inclined to investment in Retirement schemes. Experts are of the opinion that a youth looking towards a prospectus career usually becomes entangled in student loans at a young age. Hence the tendency to accumulate money for the future specially through a retirement plan is somewhere very bleak.
2. HIGH CREDIT CARD LOANS
This story is from the July 2017 edition of Mad About Money.
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This story is from the July 2017 edition of Mad About Money.
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