According to a survey conducted among young people aged 18 to 24 years in Australia in 2023, shares, equities or stocks, superannuation funds, and exchange traded funds were among the most common savings and investment products adopted by young people. The highest share of respondents, around 65 percent, had a savings account.
Adoption of savings and investment products by young people in Australia in 2023
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Monash University. (November 13, 2023). Adoption of savings and investment products by young people in Australia in 2023 [Graph]. In Statista. Retrieved March 29, 2024, from https://www.statista.com/statistics/1358570/australia-adoption-of-savings-and-investment-products-by-young-people/
Monash University. "Adoption of savings and investment products by young people in Australia in 2023." Chart. November 13, 2023. Statista. Accessed March 29, 2024. https://www.statista.com/statistics/1358570/australia-adoption-of-savings-and-investment-products-by-young-people/
Monash University. (2023). Adoption of savings and investment products by young people in Australia in 2023. Statista. Statista Inc.. Accessed: March 29, 2024. https://www.statista.com/statistics/1358570/australia-adoption-of-savings-and-investment-products-by-young-people/
Monash University. "Adoption of Savings and Investment Products by Young People in Australia in 2023." Statista, Statista Inc., 13 Nov 2023, https://www.statista.com/statistics/1358570/australia-adoption-of-savings-and-investment-products-by-young-people/
Monash University, Adoption of savings and investment products by young people in Australia in 2023 Statista, https://www.statista.com/statistics/1358570/australia-adoption-of-savings-and-investment-products-by-young-people/ (last visited March 29, 2024)
Adoption of savings and investment products by young people in Australia in 2023 [Graph], Monash University, November 13, 2023. [Online]. Available: https://www.statista.com/statistics/1358570/australia-adoption-of-savings-and-investment-products-by-young-people/