Millennials set to defy the economic rollercoaster and build their wealth

June 14, 2022 3:38

As the cost of living crisis deepens amid rising interest rates and an uncertain economic outlook, only 14% of Australians under the age of 40 feel “extremely confident” about their financial skills, new research by Nine and The Lab has revealed.

To be unveiled at Nine’s State of the Nation Finance virtual event today, the research reveals that despite Australians aged 18-39 consuming more content and information about money and business than ever, fewer people now feel extremely confident than in 2021, when the figure was 20%. But in an era where housing affordability has been at an all-time low, the research uncovers how a new generation of investors is building wealth like never before.

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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