Leadership

Young Investors Break The 'Lazy Gen Y' Stereotype

SYDNEY, AUSTRALIA-Young Australians are the only age group intending to invest more in the next three months, indicating that age may not be a factor in financial savviness, the latest MLC Wealth Behaviour Survey reveals.

The quarterly survey of over 2,000 Australians found that while middle-aged Australians are broadly ’neutral’ and older Australians are cutting back on investing, it’s those aged between 18-29 who are planning to invest more. Not only this, but more young Australians (45 per cent) added to their savings than any other age group in the last three months.

Paul Carter, Executive General Manager, Superannuation and Investment Platforms suggests that while it’s good to see young people focusing on finances, the all important superannuation focus is still missing.

”While young people are the only group intending to invest more in the next three months, it isn’t into super. The question is, why? When arguably the younger you invest ...

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