Millennials who invest are approaching investing quite differently from how their parents and grandparents did, a recent survey found.
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Super-rich millennials are defying the way their parents have been investing for decades
Super-rich millennials are approaching investing quite differently from how their parents and grandparents did.
Specialist trader Meric Greenbaum works with his daughter on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 25, 2016.
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The 2008 financial crisis, which happened as many in the 21 to 36 age bracket came of age, seared memories of traditional asset classes like stocks cratering and retirement savings being wiped out.
Favoring other assets reflects a greater appetite for risk among millennials; seven in 10 that US Trust surveyed said they cared more about generating income for near-term financial goals like paying down debt than long-term capital appreciation.
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