Unlike previous generations, today’s youths can only hope for the best in buying or even renting a house because of the flawed credit system; the simple act of opening bank accounts is still a tedious task for many as they do not have credit nor do they save money enough money to do so.
Aside from the youths, estimates suggest that there are nearly 2 billion people in the world who are unbanked (individuals who don’t have access to banking and financial services).