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)
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