Young adults want a house before 35 years old: survey
Central News Agency
2014-04-28 11:02 PM
Taipei, April 28 (CNA) A survey released Monday by Hua Nan Commercial Bank showed that most respondents believe they can save NT$1 million (US$33,020) and achieve their dream of buying a home before the age of 35. The bank carried out the survey among trainees who have completed financial training courses offered by the bank's financial school, with 284 valid samples collected. An absolute majority of respondents thought they needed to invest their money but 60 percent of them said they had no idea how to invest, the survey found. Some respondents said they often read financial newspapers and magazines to improve their knowledge and check out their financial plans, while others look for information by surfing banking and financial management websites, according to the survey. The main reason by these young adults for managing their money was to cope with inflation, with 36.88 percent of respondents wanting a higher return than the average stock market rate of return. An absolute majority of respondents said they could tolerate a maximum loss of 15 percent on their investments. The survey found that a large portion of conservative investors who generally have a relatively low risk tolerance preferred holding financial assets for the long term and generally held "wait-and-see" attitudes. (Tien Yu-pin and Evelyn Kao)
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