A Study on Millennial Savings and The Investment Behaviour on Future Prospects

Abstract

The financial worldwide environment produces distinctive saving and investment behaviors which result from technological progress combined with economic instability and developing financial knowledge. Researchers have investigated what factors influence millennial financial safety practices and risk exposure along with their goals for long-run financial security. This study analyzed three primary variables along with financial knowledge and modern investment websites as well as human processing tendencies. Government policies together with social influences and economic situations structure the financial methods that millennial employ. The findings reveal millennial prioritize digital investments along with risky choices but their financial decisions heavily depend on their inflation-related worries and job security requirements as well as retirement planning needs. An estimated 250 participants composed the target research sample from which respondents were chosen. A digital survey will be sent to participants who use social media platforms and subscribe to financial education platforms and email addresses in order to gather information from diverse millennial demographics. Both Likert-scale questions and multiple-choice questions and ranking questions appear in the survey to research existing financial behavior domains. The research findings demonstrate a lack of financial education which requires specialized investment education as a way to improve users' financial decisions. This study reveals crucial findings about saving and investing preferences of millennial who enable various institutions and policymakers and fintech entities to create services that suit their needs. This research builds knowledge in generational financial conduct and delivers usable advice to support millennial financial security in the future.