How Millennials Approach Wealth - Key Imperatives for Wealth Managers
Read time: 7 mins
Millennials, the new-generation investors, who happen to be 23 percent of the global population and the most prominent adult cohort—have their tech-savvy approach toward money, banking, and investment. Unlike previous generations, millennials readily embrace new and innovative ways of managing finances.
Millennials happen to witness a plunge in property prices during the subprime mortgage crisis of 2008. Hence, they mindfully choose uber ways of living over owning a property and try keeping their financial liabilities low. Almost 88 percent of millennials have already invested their money to date. Holding sufficient savings at an early age has made it possible for millennials to plan their retirement well in advance.
Read the white paper to learn about millennials' investment options and expectations of financial advisors.