Generation of Savers or Spenders

CONCERNING THEIR FINANCES

In our modern day economy many young adults find themselves in a somewhat frustrating position concerning their finances.

COMMON FOR ADULTS

As such it is becoming increasingly common for young adults to remain in the family home well into their late 20’s.

DISADVANTAGE OF GOAL

In fact in all reality it is the individuals themselves which may have inadvertently placed their finances at a disadvantage for this goal of direct lenders.

ECONOMY FACILITATE

This is of course thanks to the internet. So true is this fact that many millions of companies exist solely as an online service. Take for example Amazon, one of the largest retailers in the world and not one single shop front to be seen.

YOUNGER GENERATIONS

Our younger generations have grown up being able to access anything and everything as and when they want thanks to the internet and as such our ability to maintain sensible spending habits has begun to decrease.

GENERATION IN QUESTION

Of course this behaviour is not specific to younger generations and can be seen across all age groups but the point is that for the generation in question the ability to effectively save becomes that bit more difficult.

PERFECTLY CAPABLE OF MANAGING

On the way Young adults have, generally speaking, only existed in this internet driven world and therefore are perfectly capable of managing their spending online but for the fact something fundamental is now missing.

PROPERTY LADDER

In order to make the successful transition to being on the property ladder savings undoubtedly plays a massive role.

EMPLOYMENT CAREER

Many young adults begin their employment career around the age of 18 and as such start earning a weekly or monthly wage.

GENERATION SAVINGS DATA

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