The Savings cycle for young people wants to answer questions about the economic future

"Will I be able to become independent?" "Form a family?" “Buy a car or a house?” “Develop a stable professional career?” "Retiring?" These are some of the unknowns facing the new generations.

NewsEditor
NewsEditor
27 October 2022 Thursday 03:40
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The Savings cycle for young people wants to answer questions about the economic future

"Will I be able to become independent?" "Form a family?" “Buy a car or a house?” “Develop a stable professional career?” "Retiring?" These are some of the unknowns facing the new generations. In today's uncertain world, nothing is guaranteed, which is why your foresight is becoming increasingly important. This is where saving and investing come into play.

Saving is the first step, but the effort will be in vain if the savings are not properly managed. Recent developments in inflation underscore the importance of preserving your purchasing power in the long run, especially for young people who have a longer time horizon.

Making sensible decisions regarding the products and assets that best suit the participant's personal situation is key to good planning of their life goals. As explained by Bestinver, financial education and regular savings should be the pillars on which the financial future of any saver should be built.

To talk about all this, the next Encuentros event at La Vanguardia will focus on the issue of saving for young people.

This event will try to answer the following questions: Have the future forecasts of today's young people worsened compared to those of previous generations? To what extent should events such as recessions or geopolitical instability be present in the financial planning of young people? In view of the evolution of wages and consumer prices, is it possible for young people to save regularly? Why should young people invest their savings in the medium and long term? Is it realistic to think that young people could buy a house or cover their retirement thanks to their savings? When is the best time to start saving and investing? What risks should young people take into account when investing their savings? What are the most common mistakes young people make when saving? What are the benefits of starting to save and invest at a young age?

The conference will take place on November 2 at 10:00 a.m. The event will be attended by Alejandro de Mollinedo, responsible for Major Accounts at Bestinver; Oscar Elvira, associate professor at UPF; Rafael Faus, lecturer in financial management at IESE; and Eva Fernández, responsible for sustainable finance at IEF.

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