Image credit: lusi - ©sxc.hu/lusi
The recession has taken its toll on all generations, but Generation Y seems to be holding back more than the others, says an investing survey performed by RaboPlus.
The survey reports that Gen Y'ers are still investing, but that they are focusing in on specific assets and avoiding diversification of their portfolios. The report also states that Generation Y is choosing to hold back from investing in anything that might be considered a risk, and are instead staying on the sidelines with safe and secure choices.
These Generation Y investors are also reporting that they enjoy investing less, and are becoming as conservative as the Baby Boomer generation.
This is contrasted to Generation X, who are stepping out to managed funds, shares, and bonds.
Currently, only 7% of Gen Y'ers would call their investing a hobby (down from 30%last year). Generation X'ers, however, list investing as a hobby 14% of the time.
Only time will tell if these trends will change with the rising economy.
To keep up with all Generation Y news, please scroll to the top and click on the SUBSCRIBE button above. Enter your email address to receive all the best Generation Y news and articles.
For more like this:
Comments
:)
Got something to say?
Examiner.com is looking for writers, photographers, and videographers to join the fastest growing group of local insiders. If you are interested in growing your online rep apply to be an Examiner today!