GEN022 Start planning early and get what you want! (517 words)

In an aging population, where retirement savings must last so much longer, this article encourages Millennials to take control of their finances to be financially independent. Through professional financial advice, Millennials can ultimately be less dependent on Baby Boomer parents who themselves are living longer and still recovering from the GFC.

Australians are living longer. According to the World Health Organization, we enjoy the fourth best life expectancy in the world behind Japan, Switzerland and Singapore.

Great news for Millennials! Your life expectancy has been tabled at 80 for men and 84 for women. Astounding advances in medical technology could mean you will live much longer! With all that living to be done, how on earth will you fund it?

Well there’s always the Bank of Mum and Dad, right?

Doubtful, you see, according to a 2017 joint survey