‘You have to think long-term’: Young people should aim to avoid common money mistakes, say financial experts

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

‘You have to think long-term’: Young people should aim to avoid common money mistakes, say financial experts

A number of young people are not investing, with 24 per cent preferring to keep their money in cash and 42 per cent not saving or investing at all, according to a recent survey from CNBC and Generation Lab of 1093 Americans ages 18 to 34.

The young ages of the respondents might explain the 42 per cent of who aren’t saving or investing at all. Many of them are Gen Z — born between 1997 and 2012 — and are still in school or recently graduated, meaning that it could be years before the youngest of the cohort joins the workforce and starts saving. And those who are already in the workforce may still be finding their footing.

Premium

Subscribers with digital access can view this article.

Already a subscriber?

Login here.

This is the hidden content, please

• Sign In
• or
• Sign Up

#longterm #Young #people #aim #avoid #common #money #mistakes #financial #experts

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up