Excerpt from Benzinga quoting DataTrek co-founder Jessica Rabe:
…. “Millennials’ Tougher Financial Road: DataTrek Research co-founder Jessica Rabe told Benzinga the experiences millennials have faced in their young professional lives have certainly shaped their approach to the markets.
“Millennials’ approaches to money differ from their Baby Boomer parents because of record levels of student loan debt and now having lived through three Financial Crises earlier on in their lives,” said Rabe. “This is very different from our Baby Boomer parents, who grew up investing in the 1980s and 1990s, when crashes were short-term phenomena and stocks compounded 18% annually across those two decades”….
Read the full article here on Benzinga!