Young South Africans are becoming more intentional and informed about their financial futures.
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GUEST - Hayley Parry, Money Coach and Facilitator at 1Life’s Truth About Money
This year’s 1Life’s generational debt survey underscores a vital shift in mindset: while an overwhelming 89% of respondents believe that building wealth is extremely important, only 6% currently hold retirement annuities, and many remain burdened by both personal and inherited debt. Most respondents associate generational wealth with owning assets, property, and holding insurance products - a reflection of their hopes for financial stability and legacy.
“Young South Africans are becoming more intentional and informed about their financial futures,” says Hayley Parry, Money Coach and Facilitator at 1Life’s Truth About Money.
This year’s 1Life’s generational debt survey underscores a vital shift in mindset: while an overwhelming 89% of respondents believe that building wealth is extremely important, only 6% currently hold retirement annuities, and many remain burdened by both personal and inherited debt. Most respondents associate generational wealth with owning assets, property, and holding insurance products - a reflection of their hopes for financial stability and legacy.
“Young South Africans are becoming more intentional and informed about their financial futures,” says Hayley Parry, Money Coach and Facilitator at 1Life’s Truth About Money.