Cover Story
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[ TOOLS ]
Pádraig Floyd looks at the
technology available to help
savers take control of every area
of their finances
Tools of
the trade
N
obody is born knowing
how to save. It is
something we are taught,
that is started on our
behalf – at home or work – or that we
have to learn for ourselves.
Taking that first step is often
difficult and it seems to be getting
harder. Generation Y (millennials)
are expected to be the first generation
in half a century to be worse off than
their parents.
Student debt, rising house prices
and stagnant wage growth make it
difficult for them to make financial
plans for the future.
This goes far beyond worrying
where their next avocado on toast is
coming from, according to research
from the TUC, with a fifth (20 per
cent) of all workers skipping meals to
make ends meet.
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