BT Money Hacks: How Gen Z youth can save and invest smartly earlier (Ep 81)

Eight-five per cent of Gen Z respondents started saving before the age of 22, more than twice the number of millennials, at just 41 per cent.

Sixty-five per cent of Gen Zs stick to their budget “often” and “very often” as compared to 56 per cent of millennials.They discuss the following points: 1. Three reasons why Gen Z youth are already saving for retirement and starting investment journeys earlier than older generations 2. Why it is easier to start investing now in this age of robo advisers, Internet banking, app-based stock trading and easy access to global markets 4. Understand the key principle: Higher return, higher risk, higher effort and inversely, lower return, lower risk, and lower effort

5. Steps on how Gen Z youth can start small with $50 targets and gradually generate a passive income of $1,000 a month

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