Millennials are struggling between investment and consumption: Here's why

Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement

Mumbai-based Shanya Gupta, 26, loves to travel and shop. She goes on short trips every month and splurges a good part of her income on these excursions. She bought a car recently with a loan of Rs500,000.  She believes it is too early for her to begin to save for her future. 

While it would  be wrong to tar every millennial — those aged between 18 and 35 — with the same brush, it is also true that a number of them are more concerned with living the good life rather than saving and investing for the future. While people