Nearly a third of Generation Z have started investing by the time they reach early adulthood, more than any other generation at the same age, according to a new survey by the World Economic Forum.
Thirty per cent of Gen Z — those aged between 18 and 27 — began investing in capital markets at university age compared with 15 per cent of millennials, and 5 per cent of baby boomers, according to the poll, which surveyed 13,000 people across 13 countries, including the US, UK, Brazil, China and India.
Experts say investing has become increasingly popular among young people, driven by the emergence of mobile apps that charge little to no commission and the abundance of financial content available online. In the UK, 64 per cent of Gen Z investors review and adjust portfolios at least once a month compared with only 34 per cent of baby boomers, the WEF found.