According to a Forrester prediction, by 2020, almost half of the world’s adult population would comprise millennials. Even Gen Z is entering the global workforce and would start looking for investing their earnings. In India— one of the fastest-growing economies globally — HNI growth is 6% every year also expected to grow manifold in the next two decades.
As it is common knowledge, India is a young country with about 28% of its population between ages 20 and 35. Since this upcoming new generation of HNIs would be more tech-savvy and digitally inclined, we can expect digital-infused technological disruptions in the financial and banking sectors.
With the continually rising purchasing power of newer generations, there is an urgent need for the finance and investment sector to shift its focus from result-based to goal-based framework.
To read more, please click on the following link :- https://jamawealth.com/blog/the-emergence-of-new-generation-hnis