Generation Z Is Smarter About Money Than You Are
The millennial generation has lived through the ups and downs of the economy, pushing them to become more financially conservative. The 2008 fiscal crisis Millennials have had firsthand experience with the fiscal crisis in 2008; they have experienced the ups and downs of the market themselves, or they have watched in the background as their parents experienced being conservative with money rollercoaster economy. Growing up through the fiscal crisis really shaped the minds of the millennial generation and how they spend their money. Similarly, the current changes in being conservative with money economy has made them become even more cautious.
financially conservative companyLinkedIn0 One of the more interesting bits of information that has come in my way recently is a report from UBS about investors and generations. According to this report, Millennials might be too conservative with their money. According to UBS, it appears that Millennials are almost on par with the generation that had the Great Depression as a formative experience when it comes to risk tolerance.
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