Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Stocks Make Gen Y Say 'Never, Never'  Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, February 7, 2012

Stocks Make Gen Y Say 'Never, Never'

News summary by MFWire's editors

Are Gen Y'ers really that skittish when it comes to betting on stocks? Not really, reports the Wall Street Journal.

A survey by MFS Investment Management, picked up by the pub, showed that 40 percent of 18- to 30- year-olds say they will never -- never -- feel comfortable investing in the stock market. But what they say doesn't necessarily correlate to what they actually do.

According to an analysis of 401(k) data by the Investment Company Institute (ICI) and the Employee Benefit Research Institute (EBRI), 20-something investors today reportedly hold more stocks in their 401(k) accounts than 20-something investors did a decade ago.

Specifically, more than 80 percent of Gen Y investors funneled upward of 60 percent of their 401(k) account assets into stocks in 2010, the latest figures available, according to the pub In 2000, less than 70 percent of the youngest investors held such high portions of their plan assets in equities.

The article concludes that regulations passed enabling plan sponsors to automatically enroll new participants in their 401(k) plans and target-date funds equities allocations in its early stage cycle are key factors in Gen Y'ers big bets on stocks.  

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use