These new fangled money traps can hurt millennials and their finances

Older generations have made their fair share of financial mistakes. Signing up for costly traditional policies on the advice of the friendly neighbourhood insurance agent, buying a dubious land parcel in some far-flung village for its long term payoff or simply putting away a chunk of life savings in high-yield deposits of some obscure co-operative bank. Most households will recount such sordid tales. Like any generation before them, millennials and Gen Z also remain vulnerable to money traps. O ..

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