Gen Z confident in investment skills despite saving less

  • 📰 BelfastLive
  • ⏱ Reading Time:
  • 40 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 77%

UK & World News Nachrichten

Tendendo

A poll, of 2,000 adults, revealed 66 per cent of those under 27 years old believe they can grow their money best; however, it was Millennials, who were most likely to utilise a stocks and shares ISA.

Baby Boomers are the biggest savers, but Gen Z believe they know how to make their money work hardest for them, according to a poll of 2,000 adults.

Millennials save the most annually, with an average of £5,036-a-year, but it's the Baby Boomers who have the most saved overall, with £27,966 set aside. "That said, all generations gravitate towards a predictable rate of return on savings accounts and are potentially missing out on making their money work harder for them by investing."

Four in 10 said they'd like to explore investing but are held back by their lack of knowledge, with 47 per cent having money set aside that they want to grow in a new way should an opportunity arise. Jen Adams, from Virgin Money, commented: "The findings have shown there's a lot more confidence around saving than investing, which is something the financial services regulator have set a target on."

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 16. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Investment bosses call for ‘radical’ Isa overhaul to boost UK equitiesAJ Bell and Hargreaves Lansdown say too much choice is deterring people from using the savings products
Herkunft: ftenergy - 🏆 47. / 63 Weiterlesen »