What Are Millennials Focusing On?
Sunday Jan 07th, 2018
In its latest study, the Ontario Securities Commission (OSC) found that majority of the province’s millennials view home ownership as a higher priority than investing, with 1 in 3 of them owning their residences already.
The report titled Missing Out: Millennials and the Marketsfound that over half of young non-homeowners in Ontario placed owning a home in their top three financial priorities.
The study results also stated that while 4 in 5 of the province’s 18-36 year olds are saving, only half are investing. Millennials’ main reasons for not investing included having other financial priorities, not having enough income or savings, not knowing enough about investing, and concerns about losing money in the markets.