(NBC News) A new survey finds the vast majority of millennials aren’t interested in the stock market.
“The younger ones are not saving at a huge rate…80% of them are not investing in the stock market,” notes BankRate.com’s Jill Cornfield.
BankRate.com’s survey found very few of the country’s 20-to-35 year olds are investing in the stock market for reasons that have only become obvious in recent years.
“The younger ones tend to be squeezed by low wages…,” Cornfield says, “And they’re also squeezed by student debt”
She says many millennials admit they don’t know how wall street works, although, it’s worked well the last seven years.
Despite low participation in the stock market, research found millennials actually save more than previous generations for both emergencies and retirement.
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