How Gen Z’s “Soft Saving” Approach is Shaping Their Financial Future
For decades, Canadians worked hard and saved diligently to retire as soon as possible. That has been the traditional goal. But as Generation Z enters the workforce, this mindset may be shifting. Some members of Gen Z, especially those in their late teens and early-to-mid-20s, seem to be taking a more thoughtful approach to work …. Read More
Savings Strategies for Millennials: Using High-Yield Accounts to Build Financial Security
Many millennials face challenges when it comes to saving for their future. With high levels of student loan debt and recent increases in the cost of living, it’s easy to understand why building long-term savings has been difficult for this generation. However, achieving financial security is still possible. Whether you’re saving for a down payment …. Read More
4 Practical Strategies for Millennials to Save for Retirement
How much should millennials save for retirement, especially without giving up weekend brunch? That’s the big question. If you’re a millennial, you’re likely looking for guidance on how to get your finances in order. The best way for millennials to save for retirement depends on their income, debt, long-term goals, and available options for setting …. Read More
3 Practical Tips for Young Adults to Save Money
Saving money is very important when planning for future goals. However, today’s younger generation, including millennials and Gen Z, often doesn’t take this seriously. If we take a closer look, we see that for the younger generation, instant gratification is often prioritized over long-term financial goals. A common complaint is that there’s just not enough …. Read More
5 Practical Tips for Millennials to Manage Their Money
By now, it’s clear that millennials have a different approach to saving and investing compared to previous generations. Recent data shows that millennials are saving more than ever. Despite this positive trend, many millennials still feel financially behind compared to their peers and are managing significant debt while trying to balance both short-term and long-term …. Read More
The Combined Power of AI and DeFi: Shaping the Future of Finance for the Next Generation
Decentralized finance (DeFi) is a groundbreaking innovation that is transforming the financial services industry by providing customers with new, decentralized ways to access the products and services they need. With blockchain technology as its foundation, a decentralized ecosystem can be created without the need for middlemen like banks. Meanwhile, AI is gaining attention for its …. Read More
How Younger Generations Are Advancing Financial Inclusion
When you ask teenagers or young adults in their 20s when they last visited a bank, the answer might be “never.” However, if you ask them when they last made a wire transfer, they might say, “Just a few minutes ago.” In today’s world, going to a bank in person feels outdated. The COVID-19 pandemic …. Read More
Millennials Are Transforming Small Businesses
Entrepreneurship has always been about innovation, passion, and fierce competition. Now, there’s a new generation making waves—the millennial entrepreneur. These determined and creative young individuals have technology at their fingertips and an insatiable drive for success. Emerging from the economic downturn of 2009, millennials are choosing careers that offer meaning, flexibility, and stability over climbing …. Read More
Is Starting a Business Worth It for Millennials?
You often see your friends sharing posts about chasing dreams and becoming their own boss. Entrepreneurship seems to be the trend these days, but is working for yourself really the best choice? I’ve experienced both sides. I’ve worked tough jobs to pay for college, taken on traditional teen roles, and explored different forms of entrepreneurship, …. Read More
6 Ways to Make Your Company Appealing to Millennials
Over the past few years, the Millennial workforce has become a dominant force worldwide as older generations begin to retire at a faster rate. It’s clear that Millennials have a significant impact on the workplace, and companies must adapt to this new reality. This can sometimes feel challenging, as Millennials have specific needs and preferences …. Read More