Millennials are over-confident in their financial skills. According to an AMG Funds report, 18-34-year-olds are far more likely to consider themselves “extremely or very knowledgeable” about investing than Xers or Boomers, even while investing one third less than previous generations. The study also found that Millennials are more likely to trust a robot to build their portfolio than a professional, with nearly 75% thinking humans will create a generic portfolio instead of personalizing it—a full 25% higher than Xers and 50% higher than Boomers. (Heatstreet)
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