A recent survey conducted online by YouGov Galaxy using a sample of over 1,000 Australians aged between 24 – 39 found the following;
- 61% do not have a regular savings plan
- 33% only save occasionally
- 14% say they live paycheque to paycheque
- 31% don’t feel comfortable talking about money
- 54% of millennials want to have a discussion on how to get ahead financially
- 20% prioritise their short term savings
- 18% prioritise their goals for the longer term
- 58% say their five-year plan includes buying a home or investment property
Overall, millennials want more control over their finances but they feel that they need more
help to implement strategies that will help to get ahead financially. Less than 40% have
savings plans.
If you would like assistance implementing wealth creation strategies, please submit an
online enquiry now or call Peter Quinn on +61 2 9580 9166. We also offer a FREE 45-minute
consultation should you have other financial planning, taxation or superannuation issues
you may wish to discuss.
The information in this document does not take into account your personal objectives, financial
situation or needs, and so you should consider its appropriateness having regard to these factors
before acting on it. It is important that your personal circumstances are taken into account before
making any financial decision and it is recommended that you seek assistance from your financial
adviser.