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Young Rich Americans Are Saying ‘Nah’ to Stocks (And They Might Be Onto Something)
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Young Rich Americans Are Saying ‘Nah’ to Stocks (And They Might Be Onto Something)
Remember when your parents told you to “just put your money in the stock market”? Well, turns out the kids with serious cash aren’t listening. And honestly? They might be the smart ones here. According to a Bank of America survey that probably cost more than my car, wealthy Americans aged 21-43 (aka millennials and Gen Z with at least $3 million in assets) are only putting 25% of their portfolios into stocks. Meanwhile, their older counterparts …
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