News Formal

Cash is king for millennials with the group shunning stocks and bonds

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Italia Notizia Notizia

Cash is king for millennials with the group shunning other assets like stocks and bonds, survey shows

up 7% in 2023 as investors position for when the central bank halts its interest-rate increases.

Millennial workers also get more advice about investing from their families than from websites, publications, or financial advisors, according to the Schroders' survey. They believe they'll need around $1.3 million worth of savings to live comfortably after they've stopped working – but just 29% think they'll have stashed more than $1 million by the time they retire.

Schroders also surveyed older Americans and found that they've positioned their portfolios more boldly than the younger generation. Workers aged over 45 allocate 31% of their savings to stocks, 29% to cash, and 16% to bonds, according to the investment firm.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 729. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Why US depositors are dumping their cash into money-market fundsInvestors poured a record $300 billion into money-market funds in just 3 weeks. Here's what they are, and why they're surging in popularity.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »