Most millennials are quite prudent when it comes to managing their financial affairs. Research by Afterpay found that millennials are saving more than their parents and are 30 per cent more likely to save regularly
Australian spending habits have changed markedly in the last few months. With restrictions easing in some states, some Australians can spend more time outside their homes.
The COVID-19 pandemic has certainly disrupted our daily lives, forcing us to close entire industries and change our behaviour overnight.
For every action there is a reaction. And while we’re not criticising the government’s policy response to COVID-19, we recognise that such intervention often has unintended consequences.
It’s a tough time to make a decision but investors should be aware of the options available to them.