Here’s one theory why people in their 20s and 30s are reluctant to invest [MarketWatch]
PNC Financial Services Group, Inc. (The) (PNC)
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Source: MarketWatch
Here’s one theory why people in their 20s and 30s are reluctant to invest Millennials may blame the Great Recession for their reluctance to invest, but their parents may have played a bigger role. This generation — aged 21 to 35 for the purposes of this study — was taught to save, but two-thirds of millennials said their parents didn’t show them how to increase their wealth beyond having a job. One third flat-out said their parents didn’t give them any advice, and the other third said their parents were ambivalent, according to a survey by PNC Investments, a financial services company headquartered in Pittsburgh. PNC surveyed 501 millennials who reported having at least $5,000 in investable assets or a qualified retirement plan and at least $1,000 in investable assets. When millennials do have the ability and/or willingness to save, they do a good job at it. Some 39% of millennials are considered “super savers,” according to a Transamerica Center for Retirement Studies analysis, which
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PNC
Earnings
- 4/16/24 - Beat
PNC
Sec Filings
- 4/16/24 - Form 8-K
- 4/16/24 - Form 8-K
- 4/3/24 - Form 4
- PNC's page on the SEC website