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Showing posts from May, 2016

Survey: 2 in 3 young people have not started investing

Gen Y or Millenials (the cooler sounding name). That's me! Picture from Huffingtonpost An article (see here: Survey: 2 in 3 young people have not started investing ) in the Sunday Times by GYC got me thinking. I am unsure of the intent of the survey but I assume that it is meant to set younger people thinking about the purpose of investing and hopefully, more will be receptive. If the earlier generation, say, the parents of millennials are already finding it difficult to save for retirement, I can't help but fear how we, millennials, will fare. Not knowing how to invest The young people of my time grew up in an environment where information is easily accessible. So it came as a shock when I saw in the article that one of the reasons cited were a 'lack of financial knowledge'. 61 per cent of the two thirds do not invest because they do not know how to. If I went back into time, I will have cited that reason also.. Two biggest influences are