Jon Howie: CEO of Stake on the intergenerational wage gap holding young people back

Published: July 8, 2024, 10:14 p.m.

What\u2019s more important \u2013 what you own or how hard you work?\xa0

New research from online investment platform Stake reveals twice as many Kiwis think what you own is more important.\xa0

It found that fewer Kiwis define financial success as having a business or a good job title, and four in five think we\u2019ll be working past the retirement age.\xa0

Plus, 60% of respondents believe that the intergenerational wealth gap is holding young Kiwis back.\xa0

Stake CEO Jon Howie told Andrew Dickens that the survey shows that over the past few years there\u2019s been asset price inflation, both in property and things like listed shares.\xa0

He said that if you\u2019re lucky to own those coming into a period of growth in asset prices, you\u2019ve done very well.\xa0

Howie said that the survey shows that young investors in particular are starting to realise that, and they\u2019re starting to take action and look to control the decisions they make about their financial futures.\xa0

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