“I will never feel comfortable investing in the stock market”…Younger Workers Scared Off Stocks After Wall Street Plays Fast and Lose, Survey Finds

Filed under: News,Savings & Retirement |
New York Stock Exchange

New York Stock Exchange

From Investment News: According to the results of a survey of American members of Generation Y, 77 million people ages 18 to 30 with nearly $1 trillion worth of spending power, lean towards a conservative approach when investing their money.

The survey of nearly 1,000 Gen Y investors with more than $100,000 worth of investible assets —conducted by MFS Investment Management Inc. — found that 40% of the respondents agreed with the statement: “I will never feel comfortable investing in the stock market.”

And 30% of the respondents said they are most interested in protecting principal. Gen Y’ers, who are between 35 and 47 years away from retirement age, have allocated more money to cash, 30%, than any other age group.

Read the full story.

Other findings of the survey:

  • Along with extreme risk aversion, some of the “red flag” issues involve Gen Yers’ concerns about debt, retirement and spending increases.
  • 38% of Gen Y respondents said they live paycheck to paycheck
  • 41% expressed concerns about household debt.
  • 54% of respondents agreed with the statement: “I’m more concerned than ever about being able to retire when I thought.”

 

 

 

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