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Could it be that the next generation has also been convinced to hoard their cash, having seen the damage the GFC did to their parents? Housing too expensive - may feel its better to live off the credit card, paying down as required. I was shocked when my father first suggested I invest a large part of my savings in shares mid nineties. 1987 seemed not that long ago back then. Had enough business education by then to understand the potential growth premium from equities.There is a whole generation of 20-30's that have only ever worked in the post-GFC environment.
Could it be that the next generation has also been convinced to hoard their cash, having seen the damage the GFC did to their parents? Housing too expensive - may feel its better to live off the credit card, paying down as required.
I was shocked when my father first suggested I invest a large part of my savings in shares mid nineties. 1987 seemed not that long ago back then. Had enough business education by then to understand the potential growth premium from equities.
There is a whole generation of 20-30's that have only ever worked in the post-GFC environment.
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