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Younger savers pick cheap funds, older expensive ones

Economy & businessEconomy
Key Points
  • Younger savers prefer low-cost index funds.
  • Older savers tend to hold more expensive investments.
  • FI warns that fee differences can accumulate significantly over time.

"In long-term savings, small fee differences can grow into hundreds of thousands of kronor over time," said Moa Langemark, consumer protection economist at FI, during a press conference. The specific age ranges defining younger and older savers were not disclosed, and the average fee differences between the fund types remain unclear. The impact of this trend on overall Swedish savings behaviour has not yet been assessed.

In long-term savings, small fee differences can grow into hundreds of thousands of kronor over time.

Moa Langemark, Consumer Protection Economist
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Younger savers pick cheap funds, older expensive ones | Reed News