Millennials More Likely to Save than Invest
According to a recent Bankrate.com survey released this past Monday, millennials -- the youngest American generation to make up a percentage of the workforce -- are more likely to save their money rather than invest it.
About 40% of American adults between the ages of 18 and 29 favor cash investments, choosing to place their money in savings accounts or certificates of deposit. By contrast, about 25% of adults over the age of 29 favor cash investments, while 23% choose to invest in real estate, and another 19% invest in stocks.
Although hesitation regarding investments is understandable, as Greg McBride, the chief financial analyst for Bankrate.com explains, "The preference for cash and aversion to the stock market among young adults is very troubling considering this age group has t...









