As interest rates and inflation continue to rise, young investors are turning to term deposits and fixed income, but there are both opportunities and risks in taking on this strategy, financial advisers have said.
Interest rates have risen from 0.10 per cent to 3.35 per cent since April 2022, while inflation has risen to 7.8 per cent, taking it to its highest level since 1990.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
