Almost two-fifths (37%) of millennials would rather enjoy themselves now than save or invest for the future, a study from Investec Wealth & Investment has revealed.
This stands in stark contrast to the over-55s, who the survey found to be more inclined to put money aside, with only a fifth of that age group claiming they would rather spend now than save for the future. Nine out of 10 (88%) millennials - those aged under 35 - blame their failure to save for the future on the high cost of living, which they claim makes saving and investing much harder now than for previous generations. For their part, two-thirds (66%) of over-55s share this view, agreeing that the current cost of living means the younger generation has never had it so bad. Indeed, ...
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