New research from Comet Financial Intelligence shows that the most popular money issue that Generation Xers and Baby Boomers “wished they’d learned” when they were younger is how the stock market works.
Comet surveyed 1,002 people using Amazon’s Mechanical Turk, and released the “self-reported data.” The company also reported that people in the Millennial generation are currently between 22 and 37, and that Generation Z is made up of “those born from 1997 onward.”
The three main topics that different generations wish they knew before
The retirement saving process and raking in more cash through investment in real estate also took center stage.
What different generations are curious about vs. what they’ve heard
There’s a big discrepancy between the two: Many members of Generation Z, as well as Millennials, have been told to make a budget, when the most pressing issue many would rather learn about is actually “how the stock market works.”
Crucial money advice for young people
Research has found that more than half of workers who are older than age 60 are putting off retirement until a later time, but that definitely doesn’t mean young people are off the hook. The most important thing for younger people to keep in mind when it comes to money is to begin stashing away cash for their Golden Years — they’ll probably come your way sooner than you think.
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