Lessons from COVID: Why is wealth management essential for Gen Z?

As the world matures into a new era of technological dominance, the generation that came of age with technology finds itself caught between the benefits of perils of the current crop of software technologies. Generation Z, also known colloquially as Zoomers, are distinct from their millennial forebears in the fact that they have a scant recollection of a time without the internet. Naturally, computers have been integral to their development and have exerted an enormous influence on their beliefs and outlook, often with polarising effects.

 

As access to information becomes more democratic, there is a greater likelihood for individuals to be caught in a flurry of information where it becomes difficult to vet information for their quality. This can often result in some unpopular ideas making their way into the collective consciousness, to the point of popularising bad financial habits that could threaten the financial prospects of people who give in to these trends.

 

Source:  https://www.financialexpress.com/money/lessons-from-covid-why-is-wealth-management-essential-for-gen-z/2661808/