Jon Howie: CEO of Stake on the intergenerational wage gap holding young people back

The Mike Hosking Breakfast

What’s more important – what you own or how hard you work?

New research from online investment platform Stake reveals twice as many Kiwis think what you own is more important.

It found that fewer Kiwis define financial success as having a business or a good job title, and four in five think we’ll be working past the retirement age.

Plus, 60% of respondents believe that the intergenerational wealth gap is holding young Kiwis back.

Stake CEO Jon Howie told Andrew Dickens that the survey shows that over the past few years there’s been asset price inflation, both in property and things like listed shares.

He said that if you’re lucky to own those coming into a period of growth in asset prices, you’ve done very well.

Howie said that the survey shows that young investors in particular are starting to realise that, and they’re starting to take action and look to control the decisions they make about their financial futures.

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