lifestages

Millennials, also known as Generation Y, are the demographic cohort following Generation X and preceding Generation Z. Researchers and popular media use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years, with 1981 to 1996 a widely accepted defining range for the generation

You are starting to move up career wise and are starting to get on top of things financially. You will probably have children and need to factor them into your planning

You are hitting your peak career wise and your earnings are starting to outstrip your expenditure. You are starting to enjoy something you haven’t seen since your early 20s – disposable income.

You are in the last stretch career wise. Your children have left home (and have probably returned). You typically have to pay for tertiary education. The reality of what you are going to live on in retirement is starting to loom large.

Medical bills are using up an increasing amounts of your pension as medical inflation outstrips your pension increases