We know from studying history, that entire generations can share a similar money attitude or behaviour based on a major financial event that their generation experienced.
People who grew up during the great depression of the 1930s, and those who grew up during World War II, are generally savers, and are quite cautious and fearful around money matters.
Those who were working and investing in the 70s, when we had major inflation, are big believers in investing in gold, while those who experienced the bull market of the 1990s tend to buy into shares.
What effect, if any, will the Covid-19 pandemic have on this generation? And how can we use this opportunity to change our money habits?
To discuss this, I am joined by Financial Wellness Coach, Dr Frank Magwegwe.
For more on this topic, Listen to Maya’s chat with Dr Frank Magwegwe on the My Money, My Lifestyle podcast.