Are they truly clueless about investing?

THE declaration "I don't know how to invest" is soon followed by another: "All my money is in the bank." Every so often, we come across these utterances from the public, of all ages. If our memory serves us right, we tend to hear them more from the millennials and Gen Zs.

As finance professionals, we try to offer helpful solutions and point them in the right direction: "You can access financial literacy portals, they are freely available" or "Sign up for educational courses, many are complimentary." But are millennials and Gen Zs truly clueless, or do they have deeper concerns? After some probing with friends over coffee, we uncover more insights.

Losses sound scary