Saving is important, so is surviving, building and owning something
For many South Africans, especially those with limited intergenerational wealth, progress often takes other forms first, like building a credit profile, becoming the first in the family to own a vehicle, funding further education, improving a family home or acquiring assets that can create financial security for future generations.
But we should also recognise that for many South Africans, especially those building wealth for the first time in their family histories, the journey to financial security begins with accumulating assets and gaining economic footholds.
One of the themes emerging from the Youth Barometer is that young South Africans continue to pursue asset ownership despite significant economic pressure.
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