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Showing 1 - 10 of 184 results for "Millennials"

SMSF sector continues to grow

ELIZA BAVIN  |  FRIDAY, 21 FEB 2025
... an increase from Millennial SMSF investors, up 9.8% year-on-year. The report found this was mostly driven by male millennials. By contrast, there was a year-on-year decline in new Generation X female SMSF accounts. On the self-directed side, Generation ...

Gen X remains the largest cohort in SMSF establishments: Class

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
Generation X and Millennials collectively drove about 85% of new self-managed superannuation fund (SMSF) establishments for the six months to 31 December 2024, according to a new report from Class. The total value of the net assets administered on Class ...

ETFs, global equities dominate retail portfolios: Data

MATTHEW WAI  |  TUESDAY, 21 JAN 2025
... displayed through data highlighted by nabtrade, NAB's trading platform, revealing that a substantial portion of Gen Z and Millennials have invested in at least one ETF and are actively engaged in the 'buy the dip' strategy. Around 25% of Gen Zs' investments ...

Cost-of-living worries drain retirement confidence: MFS

KARREN VERGARA  |  TUESDAY, 17 DEC 2024
... are very confident that their savings and assets will provide sufficient cash flow throughout retirement. Among the Millennials surveyed, many turn to their super fund for advice as well as financial publications. Almost one-in-five Gen Xers (aged between ...

'Alarming' figure in retirement research

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... for their retirement without compulsory superannuation, according to a new survey from AustralianSuper. A third of Millennials (33%) and Gen X'ers (32%), as well as nearly one-in-five Boomers (19%) reported they would have between zero and $10,000 ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... commentator Effie Zahos, agreed that the current language and approach to superannuation is outdated and disengaging for millennials. The panellists agreed that terms like "retirement planning" and "pensions" don't resonate with millennials, who've ...

Financial services experiencing 'workforce transformation'

ELIZA BAVIN  |  MONDAY, 12 AUG 2024
... they bring and the challenges they faced during COVID. "The industry's workforce is in a state of transformation as millennials continue to climb the ranks, stepping into leadership roles at greater rates, bringing with it the challenges and opportunities ...

Young, bullish online investors drive trading: Survey

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2024
... to a new survey. The latest Investment Trends Online Investing Report finds that Zoomers (18- to 24-year-olds) and Millennials (25- to 39-year-olds) are dominating trading platforms. Zoomers now comprise 31% of participants surveyed in the first half ...

Innova backs using leverage in super for housing

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... superannuation it could help younger Australians who are locked out of the property market build wealth. Innova said millennials are firmly locked out of the property market with average dwelling prices in New South Wales now sitting above $1.2 million. ...

Retiree dilemma: Supporting children or preserving lifestyle?

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
... 25-39-year-old Baby Boomers in 1991 were three times more likely to own their home outright compared to 25-39-year-old Millennials in 2021. AMP director of retirement Ben Hillier said as housing unaffordability and cost-of-living pressures rise, Australia's ...
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