More than 50% of SA youth doesn’t know how to build a financially stable future says 1Life Insurance survey
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GUEST – Siphelele Sokhela, Brand Manager at 1Life Insurance.
1Life Insurance launched the 2024 generational wealth youth survey, which confirms that youth in South Africa are far from achieving financial freedom and building wealth - placing them at a tremendous disadvantage.
Youth unemployment in South Africa currently sits at, 45,5% according to Stats SA, and the study by 1Life revealed that of those who do have a source of income, more than 50% do not know how to build a financially stable future. Furthermore, the study revealed that less than 30% of South African youth have a solid monthly budget in place.
1Life Insurance launched the 2024 generational wealth youth survey, which confirms that youth in South Africa are far from achieving financial freedom and building wealth - placing them at a tremendous disadvantage.
Youth unemployment in South Africa currently sits at, 45,5% according to Stats SA, and the study by 1Life revealed that of those who do have a source of income, more than 50% do not know how to build a financially stable future. Furthermore, the study revealed that less than 30% of South African youth have a solid monthly budget in place.