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Stock impact report

Millennials Are Saving Well, but They're Investing Their Money All Wrong [The Motley Fool]

Aegon Ltd. New York Registry Shares (AEG) 
US:NYSE Investor Relations: aegon.com/investors
Company Research Source: The Motley Fool
Younger workers are shying away from stocks -- and hurting themselves in the process. Maurie Backman ( TMFBookNerd ) Apr 2, 2018 at 7:02AM We're used to hearing bad news on the retirement savings front, given the number of Americans who are currently unprepared. But millennials may be bucking an otherwise dangerous trend. A good 71% of younger workers are saving for retirement, either in a 401(k) or another dedicated plan, according to Transamerica. And 39% of millennials are currently putting away more than 10% of their income for the future. But when it comes to investing, younger savers still have some work to do. It's estimated that 42% of millennials invest too conservatively for retirement, according to Fidelity. A Charles Schwab study revealing that younger workers hold 25% of their investments in cash further drives home this point, and acc Show less Read more
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