4 Things Boomers Say Gen Z Should Buy Now

There’s nothing young people loathe quite like listening to their elders. But, when it comes to investments in the future, older generations have some sound wisdom to impart.

Here are four things baby boomers say Gen Z should invest in immediately:

According to boomers, Gen Z often undervalues the ownership of skills. But not only do additional skill sets pave the way for expedited hiring and job advancement, they help individuals adapt to a world that is changing at an unprecedented pace.

David Yeskel, freelance travel journalist and media personality, has seen first-hand from his worldwide reporting, how tightly intertwined our future is becoming with China’s. He advised his daughter and all her friends to invest in Mandarin language lessons since “the need for bilateral communication will be paramount.”

Additional, high-demand skills currently include project management, data analytics and cybersecurity. Invest in the proper education to future-proof your resume.

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Why let one disaster spell financial ruin for you and your loved ones? Purchasing insurance is the safest hedge against the unknown. And, for many forms of insurance, it’s easier to lock in cheaper rates when you’re young and healthy.

For this reason, Sean Patrick Malloy, managing partner at Malloy Law Offices, advised Gen Z to purchase simple term life insurance and long-term care insurance — if they’re in the financial position to do so, that is. Tom Mann, VP of sales and marketing at Moorings Park Communities, recommended purchasing both disability insurance (to protect your earning power) and, arguably the most crucial form of insurance, health insurance (to avoid gambling with medical bills).

Additionally, property and liability insurance can protect your most valuable assets from complete financial loss. Theft and car accidents can occur at any time. Stay prepared.

“Health quietly becomes more and more expensive if you ignore it at an early stage of life,” said CEO at TicTacToeFree.com, Hady Hadjiany — which is why he argued ergonomic equipment should be front of mind while young. And who can blame him?

In fact, a recently published study in the Journal of Health Economics and Outcomes Research, stated musculoskeletal conditions are “the most expensive and prevalent healthcare conditions in the nation,” costing over $400 billion annually.

To help prevent knee and back issues down the line, Hadjiany recommended investing in comfortable shoes, a good mattress and a supportive desk chair. You’ll be more than happy you did.