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Millennials Ready for Investing, Hearts & Wallets Study Finds

Millennials, famous for being more risk-adverse than Baby Boomer investors, are no longer so hesitant about investing. Having experienced the first positive markets of their adult lifetime, young investors now view missing out on investment growth as a negative, and more than half of investors in their late 20s and 30s worry more about missing investment opportunities than losing money in the markets, a new Investor Mindset study by Hearts & Wallets found. 

A big turnaround for the generation that grew up during the Great Recession is their growing concern about missing out on investment growth versus the risk of losing money in the markets. The concern of younger investors about missing out on investment growth is both in comparison to their own views of several years earlier, and to older investors in 2014.

So-called “Early Careers” – investors in their late 20s through 30s – lead the pack at 53% currently in agreement that “possibly missing out on investment growth is a bigger worry to me than the risk of losing money in the short term,” up from 37% in 2012. “Mid-Careers” also feel more optimistic, with 42% agreeing, also up from 37% in 2012. Half (49%) of “Emerging” investors are more worried about missing out on growth. In contrast, only 22% of “Pre- and Post-Retirees” agree, the same as in 2012. Nationally, 37% of all households now agree, up from 32% in 2012.

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