Market Overview

Is Generation Y Buying Stocks?

According to Vanguard, Echo Boomers have adjusted their investment allocation. When you read about Echo Boomers and their past preference, they preferred to keep a large amount in cash. However, Vanguard shows that recently the Millennial generation has increased its holdings in stocks.

In 2003, Echo Boomers held approximately 41% of their investment portfolio in stocks, but in 2010 that's risen to 85%. Of course, this study covers the retirement allocation of the Millennial generation, which only 22% of all Echo Boomers have. In other words, the Echo Boomer, who have retirement accounts, are showing a strong preference for stocks.


The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

Related Articles

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters