Old People Value Money Less Than The Young, Despite Hoarding It All

By Holly Brockwell on at

Less than 10% of over-60s say they think money is the key to a happy life, which is no doubt vexing to the quarter of young adults who said the same – since the former has all of it.

The survey, carried out by car brand Škoda, also found that somehow, young people have more regrets in life than older ones. Only 7% of young adults (18-30) could honestly say they ne regrette rien, while 24% of older people felt able to say the same. Maybe they corrected their mistakes in later life, or just forgot about them – or, more likely, the passage of time made them seem completely inconsequential. Who still cares about not asking out their crush back in year 10? They probably work in telemarketing these days.

The top three regrets overall were not saving enough money (31%), not travelling enough (25%) and not leading a healthy lifestyle (18%). A whopping 42% of young'uns said they regretted not saving enough, whereas only 21% of the older respondents did, suggesting not saving in youth balances out or becomes less important later in life (because we're all earning megabucks by then, obviously).

Kirsten Stagg, Head of Marketing for Škoda, explains the purpose of the research:

"We set out to uncover the importance and value of wealth across different generations. Interestingly, we found that the perception of value isn’t universal; money is more of an influencing factor for millennials, while baby boomers place greater value on life experiences.

What is also apparent is that as we get older, rarely do we look back and think 'I wish I'd spent more money' on something - it's spending time with the people we love that fulfils us."

In that case, could some of those old folks who aren't concerned about money anymore give some of it to us whippersnappers? Be nice to be able to afford a house before we die. Ta.


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