A recent HSBC survey showed that 42% of business leaders stall to make decisions. HSBC US head of wealth and personal banking Racquel Oden joins“When you think about the individual investor right now, or just the individual person, uncertainty is like the number one thing that's holding us back from making decisions,” a behavior that Oden says the survey found affects business leaders.
And what you have to do is how do you help people move from failure and looking at more as opportunity?So the question here that you have to do to help move them through, there's kind of a framework that we've come up with and I put them under three buckets and the first one would be one which is like it's OK to embrace data, right?The second one really is what we call the network, have a professional network around you to support you and give you guidance and advice.
If 68% of people are uncertain about their future, what you have to say is like, how do we get them through that process? But you did really see a shift between the difference between men and women where I would say women have more anxiety or women had more paralysis on financial decisions than men.Quite honestly, there was a dramatic difference between Gen Z and baby boomers.When we look at the baby boomers, it was 36% so very different in the standpoint of how you are dealing with anxiety.
Yeah, with that in mind, I mean, there's so many people that have professional experiences and then experiences where they might not have a professional in the mix to be able to lean on, get some advice from or advisor ship when you think about identifying a good professional because there are those different experiences as well.