With each New Year that comes our way, there are new patterns and trends that emerge on the scene. No, we are not talking about the hottest trends in fashion and interior design. Trends come to the fore in every industry, and finance is certainly no different. With that being said, we are going to take a look at some of the main trends making an impact in 2022.
Taking semi-retirement
We are sure a lot of people are happy about the prospect of retiring, right? Sadly, as pensions become less protected and living costs more costly, plenty of people are taking semi-retirement instead of full retirement. As a consequence, we are going to be seeing plenty of 60-year-olds and 70-year-olds looking for part-time jobs throughout the year. As you close in on retirement, why not do a bit of digging to see if there are any work-from-home solutions that you could capitalize on?
Borrowing from small mortgage lenders
This is a trend that we have seen gain quite a bit of traction over the past year or two, and it is only going to become more dominant as 2022 progresses. Rather than partnering up with the big banks for home loans and mortgages, we’re seeing people consider smaller and more specialist lenders.
Investing in cryptocurrency
Of course, we cannot speak about the latest financial trends without talking about investing in cryptocurrency. A leading crypto consultant can assist with this venture if you are unsure. After all, we see a lot of people dive into cryptocurrency when they do not really know what they are doing, and this is not the sort of risk you should be taking.
Investing in emerging markets
Emerging markets are going to really come to the fore throughout 2022. Of course, this is not applicable to all markets. In areas whereby political mismanagement or large trade deficits are experienced, we won’t see much interest. However, there are a lot of places around the world that present great opportunities for savvy investors.
Planning and budgeting will be more valued
People will see financial planning as more important than ever before. After all, we all know that living costs are rising all of the time. Plus, the pandemic has caused a lot of people to take stock of their finances. As a consequence, we see people practice better financial habits when it comes to budgeting.
Mobile will become the preferred payment choice
It is crazy to think that we now live in a world whereby we do not need to leave the house with our wallet or debit card in order to make a payment. Instead, all you need is your mobile phone. Thanks to the payment wallets that are available on popular Android and Apple devices, you can simply tap your phone at the card reader when you are checking out. This is something we will see more and more people take advantage of this year, and eventually, we are sure it will become the top payment choice.