Almost half of new share investors are aged under 30 as Gen Z seeks new ways to build future wealth.
NAB said account openings by this group on its nabtrade platform had jumped 41 percent over the past three years.
Younger Australians are showing particular interest in (basket of assets) exchange-traded funds with almost half of Gen Zs now invested in these compared with one in three five years ago.
NAB estimates more than $16 billion in dividends will be paid by Australian companies in the final week of September alone.
Around two-thirds of Gen Z (born 1997 to 2012) investors are expected to receive a dividend this month.
NAB Private Wealth Executive Adrian Hanley said the bumper week was putting a spotlight on the role investment income could play in building wealth.
“Getting your first dividend can be a bit of a lightbulb moment,” he said.
“It can be the first time an investor sees money land in their account from something other than their job.
“We’re seeing more young Australians start earlier and discover they do not need a large amount of money upfront. Many begin with small, regular investments and build from there.”
