Friday, November 6, 2015

Millennials trust more in gold than in stocks in new survey

Every quarter, CNBC does a special report that they call the All-American Economic Survey.  And in their newest one on Nov. 3, investing trends for millennials showed an immense opposition to stocks and more trust in both real estate and gold.
Part of this appears to be the fact that many millennials have grown up in the decades of the dot com bust and the 2008 credit crisis which saw their parents and grandparents lose upwards of 40% of their retirement portfolios tied to the stock markets.  And with the millennial generation known for truth and straight talk over political correctness and subterfuge, perhaps it is not surprising that the younger generation has a much greater distrust in banks and Wall Street, and has little appetite for riskier investments, especially since the markets are manipulated so highly by the Fed and by HFT computer trading.


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