Younger investors prefer real estate, crypto, and private equity when it comes to opportunities for growth.FatCamera/Getty ImagesWealthy Millennial and Gen Z Americans are skeptical of traditional investments, per BoA.The survey found 72% of young investors don't expect above-average returns from stocks and bonds.In addition, half of young respondents said social media was their primary source of financial content.Millennial and Gen Z investors are skeptical of traditional instruments like stocks and bonds, according to Bank of America's latest study of wealthy Americans.Nearly three-quarters of respondents younger than 44 agreed with the statement, "It is no longer possible to achieve above-average investment returns by investing solely in traditional stocks and bonds."By contrast, only one quarter of Gen X and older respondents held that view, similar to the responses in 2022, Bank of America said.Out of a dozen options, stocks and bonds ranked near the bottom for younger investors in terms of growth opportunities.
Wealthy Millennial And Gen Z Investors Are Skeptical Of Traditional Stocks And Bonds — And Get Their Financial Advice From
dreuter@businessinsider.com (Dominick Reuter), Business Insider
Wed, 06/19/2024 - 12:12pm
Topics: fatcamera/getty imageswealthy millennial boa bank business insider gen z americans america gen x financial wealthy millennial and gen traditional stocks and bonds investors are skeptical of traditional respondents younger real private crypto opportunities estate returns survey young above-average equity source study media addition articles social older primary market online investment ranked
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more