Uncertain Futures: 7 Myths About Millennials and Investing Data Set Terms of Use

Many millennials do not invest, which can hinder their ability to achieve important goals, like purchasing a home or retiring comfortably. Beyond income constraints, what barriers, perceived or real, prevent millennials from owning investment accounts? Do millennials’ views on investing differ from Gen Xers and baby boomers? Within the millennial generation, are there significant demographic differences in investing behaviors and attitudes? How do millennials view the financial services industry and financial advisors? And what do millennials think about emerging financial technologies, like robo-advisors? These and other questions are addressed by a new research study titled, Uncertain Futures: 7 Myths About Millennials and Investing.

This study explores the financial behavior and attitudes of three millennial groups—those with no investment accounts, those with only retirement accounts, and those with taxable investment accounts (most of whom also have retirement accounts). It also compares millennials with taxable accounts to Gen Xers and baby boomers with taxable accounts to determine how the investing behavior of these three generations differs. Last, this study examines the pathways that millennials follow to investing, and why some have no investment accounts.

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