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Millennials are still wary of investing, with many thinking cash is the best way to keep their savings.

Jul 30 2018

Millennials are still wary of investing, with many thinking cash is the best way to keep their savings. Bankrate found that 30% of 18-37-year-olds think that cash is the best way to store money that they won’t touch for ten or more years, while less than a quarter thought the stock market is where they should stash their long-term savings. Nearly 77% chose options other than stock market investments—despite it being experts’ number one recommendation. But they’re reluctant for a reason, with Bankrate blaming “coming of age during the financial crisis.” (CNBC)