Almost half of Aussies regularly daydream about the future, but just 20% of young people have sought financial advice that could help them later in life. How is AMP Goals 360 – an interactive advice service – helping a tech-savvy generation get more engaged with their finances?

The investing world can seem daunting, especially to those who don’t have much saved up. But with a $5 entry point, no need for major outlays, and a constant stream of information, condensed into an easy-to-understand smartphone app, Stash is helping Gen Yers build their portfolios.

Instead of investing, many wealthy young Americans are choosing to use their savings to line their bank accounts. With the tech sector making up most of Gen Y’s most familiar brands, young people are shying away from investing in an industry that’s thought of as volatile, rather than stable.

Wealthfront is an automated financial advisor that relies on algorithms, rather than human expertise to make investments. With young people expressing little trust or loyalty for traditional banks, Wealthfront is swapping in technology as a more trustworthy form of authority.