Today around a quarter of Finns say they believe they will become wealthy at some point in their lives, down from 42 percent two years ago, according to a new Danske Bank study.
Women were less confident than men in their ability to achieve financial success.
"The majority of Finns’ wealth is tied up in fixed assets, such as property or cars. Only about seven percent of residents’ wealth is in accounts, stocks or investment funds," said Ville Orava, Danske Bank’s Head of Retail Investments & Savings.
The bank said that 25-34 year-olds now make up the majority of those investing in financial markets. However most of those polled--43 percent--said they believed routine saving and frugal living were the best paths to wealth.
Finns still believe in lottery win
Respondents ranked winning the lottery as the fourth best way to achieve wealth, a standing unchanged since the bank's last poll in 2018.
"Thankfully the findings indicate that younger generations tend to believe in means other than the lottery when it comes to impacting their own wealth," Orava explained.
A total of 3,022 people took part in the Danske Bank survey.