This, despite the fact that younger investors were more optimistic about the economy, their incomes, their living situations, and their investments.
Millennial investors have been deeply scarred by two life-changing crises in their young lives.
But if you look at hard numbers from the Federal Reserve about what millennial investors actually own, you can see that this stereotype is misguided.
When you compare millennials' cash levels with Gen X's cash levels at the same age, though, the risk aversion becomes clear.
But when it comes to younger investors, I think the scars run deeper than worries about a coming downturn.
Persons:
Cash, it's, millennials, Gen Xers, boomers, There's, would've, you'd
Organizations:
Bank of, Federal Reserve, University of Michigan, Occupy, Dow, Netflix
Locations:
eToro, United States, YOLO