One in five young adults are saving to start their own business

That won’t stop our next-gen though!

Say one thing for the Millennials and Gen Zs of the country, and that is that they’re an entrepreneurial bunch who won’t let something like a once-in-century-pandemic get in the way of their business aspirations.

According to a ME Bank survey of young Australians with no children, 18% stated their current financial goal was “investing in their own business”.

That’s up from just 4% six months prior!

To put that into a bit of perspective – compared to some of the other 15 options they could choose from – the top response was “paying off a mortgage” at 34%, while 19% of respondents were aiming to “save enough to buy a property to live in”.

So, not far behind the top two responses at all!

If you need help funding your dream, get in touch

What a lot of young Australians don’t realise is that you don’t have to bootstrap your way into starting up a business.

There are finance and funding options we can help you explore to accelerate your launch – and they’re not as scary as they might sound (5-in-6 businesses don’t find it difficult to pay back their business loans).

So whether your financial priority in 2022 is starting your own business, or trying to buy your first home, get in touch with us today. We’d be excited to help you take that first step.

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