Why millennials are struggling to save

Bitange Ndemo, former PS and entrepreneurship lecturer at UoN. [Wilberforce Okwiri, Standard]

Asset managers and financial executives have tried to explain why youth, particularly millennials, are not saving or investing as much; perhaps when compared to baby boomers.

And severally, the reason behind this not-so-financially sound culture has been blamed on the non-existence of youth-friendly saving platforms that utilise technology or the gig economy. It is worth noting that most workers' employment status today is not permanent and pensionable like previous generations.