Millennials and Gen Zs are only a generation apart but already show very different approaches to how they spend money, and what they value, financially.
Millennials are prone to saving and investing for the future, while Generation Z is more inclined to splurge their money.
“That’s why this generation tends to prioritise financial stability, often using budgeting apps, tracking expenses, and investing in retirement savings through vehicles like retirement annuities and tax-free savings accounts.” “They prioritise convenience and instant access to goods and services, often facilitated by buy-now-pay-later services.
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