August 4, 2015 Fact of the Day: How knowledgeable are Millennials about investments?
DID YOU KNOW THAT MORE THAN HALF OF MILLENNIAL INVESTORS FEEL THEY ARE VERY OR FAIRLY KNOWLEDGEABLE ABOUT INVESTMENTS?
In research just conducted by Spectrem Group with Millennials, it was determined that 58 percent of Millennials feel they are Very or Fairly Knowledgeable about investments. This is actually lower than the professed knowledge of their older counterparts. In fact, 72 percent of Gen Xers feel they are Very or Fairly Knowledgeable about investing. This compares to 69 percent of Baby Boomers and 71 percent of the WWII generation who feel knowledgeable about investments.
Let’s give credit to Millennials for the 42 percent who feel as if they need to learn more about investments. In many cases, investors are not quite as knowledgeable as they profess.
To learn more about Millennials, click here or contact Randy Wostratzky at firstname.lastname@example.org or 224-544-5195