Picture: ISTOCK
Picture: ISTOCK

A new survey by Old Mutual Unit Trusts found that millennials are saving more than their parents, but they are investing less.

The survey of South African millennials — or those born between 1981 and 1996 — found that only 44% were investing in pension or provident funds, compared with 61% saving money in a bank account, Business Day reported.

Old Mutual MD Elize Botha spoke to Business Day TV to give some insight into the survey and its findings.

Old Mutual MD Elize Botha talks to Business Day TV about the findings of a survey of South African millennials

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