Why Gen Z youth save for retirement earlier than older generations

Why this is an easy age for easy access to investing

Top 5 asset classes for Gen Z

Key investment principle to remember

Steps on starting small to generate passive income

BT Money Hacks Ep 81: How Gen Z youth can save and invest smartly earlier

12:14 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode looks at how and why Generation Z youth approach savings and investments.

SingSaver conducted a survey over August and September this year, and found that when it comes to saving habits, Singaporean Gen Z youth (aged 18 - 23) are savvier than their millennial counterparts (aged 24 - 39).


85% of Gen Z respondents started saving before the age of 22, more than twice the number of millennials, at just 41%.


65% of Gen Zs stick to their budget “often” and “very often” as compared to 56% of millennials.

Chris Lim hosts SingSaver’s interim country manager Prashant Aggarwal.

They discuss the following points:

1. Three reasons why Gen Z youth are already saving for retirement and starting investment journeys earlier than older generations (1:55)

2. Why it is easier to start investing now in this age of robo advisers, Internet banking, app-based stock trading and easy access to global markets (3:35)

3. Which are the top five asset classes that Gen Z youth focus on? (6:15)

4. Understand the key principle: Higher return, higher risk, higher effort and inversely, lower return, lower risk, and lower effort (7:00)

5. Steps on how Gen Z youth can start small with $50 targets and gradually generate a passive income of $1,000 a month (8:00)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

Discover BT Money Hacks Podcast fortnightly on Mondays and rate us on:

Channel: http://bt.sg/btmoneyhacks

Apple Podcasts: http://bt.sg/oeXe

Spotify: http://bt.sg/oeGN

Google podcasts: http://bt.sg/oeGP

Website: http://bt.sg/moneyhacks

Feedback to: podcast@sph.com.sg

Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Discover more BT podcast series:

BT Mark To Market Podcast on: http://bt.sg/btmark2mkt

WealthBT Podcast on: http://bt.sg/btwealthbt

BT Podcasts on: http://bt.sg/podcasts

Follow our shows then, if you like short, practical podcasts!

BT Money Hacks Ep 81: How Gen Z youth can save and invest smartly earlier
12:14 min
Synopsis: Updated fortnightly on Mondays,&nbsp;The Business Times&nbsp;breaks down useful financial tips.
This episode looks at how and why Generation Z youth approach savings and investments.
SingSaver conducted a survey over August and September this year, and found that when it comes to saving habits, Singaporean Gen Z youth (aged 18 - 23) are savvier than their millennial counterparts (aged 24 - 39).
<ul>
<li dir="ltr">
85% of Gen Z respondents started saving before the age of 22, more than twice the number of millennials, at just 41%.
</li>
<li dir="ltr">
65% of Gen Zs stick to their budget &ldquo;often&rdquo; and &ldquo;very often&rdquo; as compared to 56% of millennials.
</li>
</ul>
Chris Lim hosts SingSaver&rsquo;s interim country manager Prashant Aggarwal.
They discuss the following points:
1. Three reasons why Gen Z youth are already saving for retirement and starting investment journeys earlier than older generations (1:55)
2. Why it is easier to start investing now in this age of robo advisers, Internet banking, app-based stock trading and easy access to global markets (3:35)
3. Which are the top five asset classes that Gen Z youth focus on? (6:15)
4. Understand the key principle: Higher return, higher risk, higher effort and inversely, lower return, lower risk, and lower effort (7:00)
5. Steps on how Gen Z youth can start small with $50 targets and gradually generate a passive income of $1,000 a month (8:00)
Produced by: Chris Lim and Ernest Luis
Edited by: Adam Azlee
Discover BT Money Hacks Podcast fortnightly on Mondays and rate us on:
Channel:&nbsp;<a dir="ltr" href="https://omny.fm/shows/money-hacks-1" data-saferedirecturl="https://www.google.com/url?q=https://omny.fm/shows/money-hacks-1&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNGEkRmjgn37J_c3J0VK9aS2rYUVBA">http://bt.sg/btmoneyhacks</a>
Apple Podcasts:&nbsp;<a href="https://bt.sg/oeXe" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/oeXe&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNGymvC8DnTcCWZQ8KHxFon1eiQvXQ">http://bt.sg/oeXe</a>
Spotify:&nbsp;<a href="https://bt.sg/oeGN" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/oeGN&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNGJnrwC0hrUJhB7Eox6waBu6ZsQQg">http://bt.sg/oeGN</a>
Google podcasts: <a dir="ltr" href="https://www.google.com/url?q=http://bt.sg/oeGP&amp;sa=D&amp;source=hangouts&amp;ust=1603533060533000&amp;usg=AFQjCNHXkdmCPQmre9OK0lG9GTRhjWEDtQ" data-display="http://bt.sg/oeGP" data-sanitized="https://www.google.com/url?q=http://bt.sg/oeGP&amp;sa=D&amp;source=hangouts&amp;ust=1603533060533000&amp;usg=AFQjCNHXkdmCPQmre9OK0lG9GTRhjWEDtQ">http://bt.sg/oeGP</a>
Website:&nbsp;<a href="https://bt.sg/moneyhacks" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/moneyhacks&amp;source=gmail&amp;ust=1598667217677000&amp;usg=AFQjCNERNtREVl3t1nxoqwMmHjC9b7zUeA">http://bt.sg/moneyhacks</a>
Feedback to:&nbsp;<a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.
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Discover more BT podcast series:
BT Mark To Market Podcast on:&nbsp;<a href="http://bt.sg/btmark2mkt" data-saferedirecturl="https://www.google.com/url?q=http://bt.sg/btmark2mkt&amp;source=gmail&amp;ust=1621580726541000&amp;usg=AFQjCNFwN2lIVswwcQzU9eHb-Ibx47RktA">http://bt.sg/btmark2mkt</a>
WealthBT Podcast on: <a href="http://bt.sg/btwealthbt">http://bt.sg/btwealthbt</a>
BT Podcasts on:&nbsp;<a href="http://bt.sg/podcasts" data-saferedirecturl="https://www.google.com/url?q=http://bt.sg/podcasts&amp;source=gmail&amp;ust=1621586278355000&amp;usg=AFQjCNFlElxxRquebsDQVCEgxs9ndnigtw">http://bt.sg/podcasts</a>
Follow our shows then, if you like short, practical podcasts!

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful personal financial tips with expert guests.

Podcaster: Howie Lim

Produced by The Business Times, SPH Media Trust.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful personal financial tips with expert guests.
Podcaster: Howie Lim
Produced by The Business Times, SPH Media Trust.

BT Money Hacks

Every first and third Monday of the month, The Business Times breaks down useful personal financial tips with expert guests.

Podcaster: Howie Lim

Produced by BT Podcasts, The Business Times, SPH Media.

Every first and third Monday of the month, The Business Times breaks down useful personal financial tips with expert guests.
Podcaster: Howie Lim
Produced by BT Podcasts, The Business Times, SPH Media.

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