New Delhi, Aug. 11 -- International Youth Day, celebrated on 12 August, recognises the vital role of young people in society. Financial planning is another important area for young people, as the habits they build early can shape their long-term financial future.

Here's what experts have to say about why the 20s can be an ideal time to start building wealth and the steps Gen Z can take this International Youth Day.

Siddharth Maurya, Managing Director, Vibhavangal Anukulkara Pvt Ltd, said the biggest advantage for people in their 20s is not a high income but time.

"Most early-career professionals have fewer financial obligations, so the investment amount at this stage doesn't have to be very high for the investment to grow," Maurya adde...