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HOW TO NOT BE A ‘FINANCIAL NIHILIST’ Are you disillusioned by the state of the world? Don’t throw in the towel when it comes to saving. ACCORDING to an article recently published in The New York Times, there is a new phenomenon gaining momentum. Disillusioned by the current state of the upsidedown world, so-called “financial nihilists” – those who believe there is no point in investing
for tomorrow – are growing in number. A recent study by Fidelity Investments found that 45% of people aged 18 to 35 are not actively saving. Of this group, 55% said they have put retirement planning on hold. Coming off the
back of the pandemic, individuals also cited concerns stemming from Russia’s invasion of Ukraine, political instability, soaring inflation, and global economic uncertainty. “Covid-19 took so much away from us: travel, experiences
