South Africa: Young South Africans more confident about their financial destinies, reveals Sanlam index

Sipho Mncwabe, a Sanlam regional executive FCI expert, says it is consistently evident that education, income and employment are major contributors to confidence, affecting every aspect, from resilience to wellbeing. 

“Low-income earners are often trapped in a cycle of survival behaviours. When you’re struggling to make it to month-end, you become preoccupied with the present, with limited capacity to look to the future,” he says.

However, the younger generation — Generation Z…