WEALTH GENERATION: THE FINANCIAL CHALLENGES OF GENERATION Y

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WEALTH GENERATION: THE FINANCIAL CHALLENGES OF GENERATION Y

Journal Title: Metropolitan Tirana Journal of Business and Economics - Year 2018, Vol 2, Issue 1

Abstract

The Youth are the future leaders of the country," this expression used by politicians, mentors and different authors who have not been reluctant to analyze the challenges and opportunities faced by the youth in a country. It should be noted that in the recent decades, the financial gap between the social classes has increased rapidly worldwide, the inequalities between generations have also reached an alarming level. This paper will highlight some of the challenges and problems encountered often in the 18-30 age group. Whom have financial advantages that include home ownership, funding for post-secondary education, savings and retirement investment. Achieving these goals requires a different approach to the development and implementation of a generic, financially changing plan, from generation to generation, influenced by economic globalization, lifestyle dynamics and financial opportunities in these age groups. The purpose of the study, in addition to identifying the challenges, is to answer these questions: What are the living costs faced by these age groups? The perspective of these generations about the future financial plan? What are some of the financial tire resources? , Forms of Asset Generation in our Country? What are some of the financial tire priorities? ; The analysis in this paper will be based primarily on the review of the literature and what different authors have criticized or suggested in relation to this field, also followed by the formulation of a questionnaire where its main focus will be evidencing the attitude of young people to financial planning, risk-taking and long-term investments. In addition to the analysis will be a multiple regression with Anova's use pointing to the relationship that exists between the factors influencing the attitude of the young to the risk. The reason for choosing this topic is the lack of full information or orientation of this age group about the financial challenges they face. The topic is current and affects everyone, everyone is interested in knowing better the opportunities offered by the market and how best to do it in function of its goals. To conclude, at the end of this paper, we expect to have a clear picture of the attitude, of a representative part of the youth, to wealth generation, investment risk and a tendency to be more planning in the future.

Authors and Affiliations

Androniqi Nini, Marina Lamaj, Megi Bala

Keywords

EP ID EP478787
DOI -
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