People that are aged 35 have a darker outlook regarding the future compared to those that are 55 years old, according to an analysis of Saxo Bank.
Steen Jakobsen, economist and CIO of Saxo Bank, said that this conclusion “defies the logic, the nature and the reason.”
“It’s the case of young people that feel the pain of the economic realities: it’s harder to find a decent job or to land an interview for a job when you need a PhD to start. Young people are more indebted by the costs of education and are excluded from the possibility of climbing the real estate ladder,” said the economist.
He went on to say that the world risks being split into spheres of influence led by China and India and we might go into a “winter of the technology sector” due to stronger regulation and compliance requests.