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Young workers save more than older peers: survey

Young workers save more than older peers: survey

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pianist Offline
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#31
12-02-2013, 10:29 PM
the young ppls today saved more than elderly in order to repay the elderly the monies for buying their first houses...well done

gd outcome for property buuble burst is that the leftover supply can be picked up cheaply
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georgelee Offline
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#32
13-02-2013, 03:29 AM
i beg to differ. young pple tend to spend more nowadays as compared to the older ones. they mainly spend on luxury goods..
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godjira1 Offline
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#33
13-02-2013, 10:20 AM
George - curious. Where did you get that fact from? Or is it just an impression?
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Temperament Offline
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#34
13-02-2013, 11:13 AM (This post was last modified: 13-02-2013, 11:14 AM by Temperament.)
It doesn't matter who saves more. At today cost and standard of living and almost 0 bank interest rate, how much you save is never enough for an ordinary wage earner. For that matter even a U graduate worker. Especially for those who have a family. You must learn how to invest or else you will retire with nothing much to depend on. i think most working classes are in this situation. It happened to me 25 years ago. Now i think the economic/political situation is even worst for most people who don't learn to invest except learn how to save.
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1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

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My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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CityFarmer Offline
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#35
13-02-2013, 11:22 AM
(13-02-2013, 10:20 AM)godjira1 Wrote: George - curious. Where did you get that fact from? Or is it just an impression?

My impression is younger ones spend more on luxury consumer goods, while older ones spend more on luxury property and car

The end result, younger ones spend less in absolute amount, and manage to save a bit more. Tongue

P/S: purely impression, not supported by data
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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