Gen Z saves to enjoy travel, short-term goals and started investing at a younger age: HSBC

Quick Summary:

Nearly half of our Gen Z respondents prioritise saving for short-term goals, often linked to enjoying life,’ survey shows.

But they also save more: HK$6,014 each month, or 28 per cent of their income, the highest among all generations, the survey revealed.

Also, Gen Z members spend nearly 10 per cent more on entertainment than other generations.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Travel Hsbc Cent Showed Survey Generations Work Financial Motivation Respondents Members

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 20:08:30 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23357213

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Official Website: scmp.com

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