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Young Money: The Millennial Guide to Investing

MILLENNIALS 1 GEN X BABY BOOMERS VS. Ages 18-34 Ages 35-50 Ages 51-69 GROUP SIZE 75.4M 74.9M 65.0M Data via Pew Research MILLENNIALS GEN X BABY BOOMERS WHERE MILLENNIALS PUT THEIR MONEY Data via UBS I MILLENNIALS I NON-MILLENNIALS CASH 52% 23% STOCKS 28% 46% ╬čTHER 13% 16% FIXED INCOME 7% 5% WHAT WORRIES MILLENNIALS Data via Bank of America 23% 22% 82% Worry they won't have Worry about not having Worry about money enough money to retire enough money to make it at least once a month until the end of the week SAVINGS ANXIETY IS INCREASING. 41% 43% Anxiety over putting aside enough money for savings increased 2% year-over-year from 2014 to 2015, from 41% to 43%. 2014 2015 PERSONAL FINANCE AND INVESTING are among the topics millennials feel they know the least about, with 17% confident in personal finance and just 5% confident in their knowledge of investing. For scale, 34% are confident about their social media knowledge. 17% 5% 34% CONFIDENT CONFIDENT CONFIDENT PERSONAL FINANCE KNOWLEDGE OF INVESTING SOCIAL MEDIA KNOWLEDGE FUTURE WEALTH OF THE GENERATIONS Data via Dupress That's a compounded annual growth rate of 2.7% for baby boomers, 9.24% for gen Xers and a whopping 13.83% for millennials. $53.40B $37.00B $35.85B $18.85B $9.83B $2.70B NOW 2030 NOW 2030 NOW 2030 MILLENNIALS GEN X BABY BOOMERS SOURCES InvestorPlace Pew Research: http://www.pewresearch.org/fact-tank/2016/04/25/millennials-overtake-baby-boomers http://www.pewresearch.org/fact-tank/2014/06/05/generation-x-americas-neglected-middle-child UBS: https://www.ubs.com/content/dam/WealthManagementAmericas/documents/investor-watch-1Q2014-report.pdf Bank of America: https://www.bettermoneyhabits.com/assets/images/v.2.0/tiles/infographics/pdf/fall-2015-millennial-report.pdf DuPress: http://dupress.com/articles/us-generational-wealth-trends

Young Money: The Millennial Guide to Investing

shared by jkilhefner on Sep 21
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It's time to stop thinking of millennials as lazy and entitled, and to start portraying them in a light becoming of the largest generation in U.S. history. Infographic created for editorial package on...

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