‘Passive income is making Gen Z unemployable’: Financial advisor warns wealthy Indian parents about the comfort trap and raising entitled children
· economictimes.indiatimes.com
Financial advisor Prem Soni argues that excessive parental wealth may create a comfort trap for some Gen Z Indians. He identifies three challenges: refusing jobs below their social status, rejecting entry-level salaries that cannot fund their lifestyles, and avoiding family businesses deemed boring. Soni also criticises parents for providing passive income and discouraging independence, arguing that too much comfort can weaken ambition, work ethic and essential survival skills.
Financial advisor questions whether too much family wealth and passive income could be keeping some Gen Z kids from developing financial independence and ambiti...