Young people may reach old age without income or assets, warn experts
According to Paulo Tafner, CEO of the Institute for Mobility and Social Development (IMDS), members of the second half of generations Y (born between 1990 and 1996) and Z (1997 to 2010) may not surpass the social well-being and income achieved by their parents.
“Young people don’t see society investing in them and think: ‘I’m alone, I have to enjoy the present,'” says Tafner, highlighting the risk of becoming an elderly person with no income and no assets.
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