Thursday, May 29, 2014

Millennials' stock market phobia

“Coming of age during the financial crisis has made Millennials fearful of the stock market.  Just 27 percent of 18- to 29-year olds said they currently own stocks or shares in mutual funds, down from 33 percent in 2008.  Twenty-somethings with more than 50,000 in investible assets reported keeping more than half of their funds in cash.  Among investors aged 30 to 49, 67 percent own stocks, up from 58 percent in 2013.”  [The Week, May 30]