Why Gen Z is Ditching FDs & LIC for Smarter Investments
Ask your parents or grandparents where they put their money, and 9 out of 10 will proudly say: 👉 “Beta, FD kara rakha hai!” or 👉 “LIC liya hai, life secure hai!” For them, Fixed Deposits (FDs) and LIC policies were like that one safe locker key in the cupboard — untouchable and trustworthy. But talk to someone in their 20s today, and you’ll hear: “Bro, FD? That’s just parking money for inflation to eat it alive.” 😂 So why exactly does Gen Z roll their eyes at these “golden” old-school money tricks? Let’s break it down. 1. FDs = Safe but Boring Imagine you put ₹1 lakh in an FD. Bank says, “We’ll give you 6% interest.” Sounds good, right? But then inflation (the rising cost of everything from chai to iPhones) eats up around 6% every year too. Result? After a year, your ₹1 lakh has technically grown to ₹1.06 lakh, but it still buys the same (or fewer) samosas as last year. 🥲 Gen Z looks at this and says: “Why should I lock my money if it’s just running on a treadmill?”...