‘Millennials most financially literate generation in PhI’

Generation Y, colloquially known as the millennials, are considered as the most financially literate generation of Filipinos, whose long-term financial goals are likely to be met.

- LOUISE MAUREEN SIMEON

Based on the maiden Financial Resilience Index of insurance firm Sun Life, Filipino millennials emerged as the most financially literate generation as they are in the sweet spot in life.

Sun Life said millennials have enough investable assets, less familial obligations than older groups and just the right amount of adventure and knowledge to build toward their financial future.

Roughly 80 percent of millennials are optimistic about their financial future compared to Gen Zs and Baby Boomers, both at 71 percent.

However, the caveat is that many millennials still lack a plan of action which is a key pillar of financial resilience.