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Millennials Pick Blogs Over Family For Money Tips
Issue 112
|Asian Banking & Finance
Young and wealthy Singaporean and Hong Kong investors place more trust in internet posts than in their own family members when seeking financial advice, according to a survey conducted by St. James’s Place Asia.
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When asked about their preferred sources of financial wisdom, family members only came in third, suggesting that their approach to financial decisions is “not too personal.”
Financial advice websites or blogs surpassed parental advice, with 47% of the 2,000 respondents indicating a preference for online sources.
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