Stock ownership has declined among most key subgroups in the U.S. since the financial crisis, except for older and upper-income Americans. This trend is especially prominent among young adults, who are struggling to become financially independent. Pew analyzed Census Bureau data, including annual income, to find that just 24% of young adults could be considered financially independent, meaning they are not living in their parents' homes and are not receiving financial assistance from them.
The COVID-19 pandemic has created a huge amount of economic uncertainty. Many people are unsure of their financial future -- so much so that they are hesitant to invest in the stock market. However, for young adults, the pandemic has presented a unique opportunity to invest in the stock market. The first lockdown saw a spike in interest in the stock market from people under 30 and it hasn't disappeared, according to a study by the...
Investment statistics in 2019 showed that millennials were investing more in the stock market than ever before. The numbers on millennial investing, cannabis stock, cryptocurrency, and more are here! The rise of investing apps and the ease of access to information about the stock market has made it easier than ever for young adults to begin investing.
Despite their computer and technology skills, today's teens are still susceptible to scammers bent on taking advantage of youth and inexperience. It is important to educate young adults on the risks and benefits of investing in the stock market, so they can make informed decisions about their financial future.
According to a recent study, young men are more interested in cryptocurrency than the average person, with almost half of all young men surveyed expressing an interest in investing in cryptocurrency. This trend may be due to the perceived ease of access to investing in cryptocurrency, as well as the potential for high returns.
Checking your 401(k) balance when the market gets choppy, as it has in recent months, can feel a lot like watching a scary movie: You're afraid to look, but you can't look away. However, it is important to remember that investing in the stock market is a long-term game. While short-term fluctuations can be nerve-wracking, it is important to stay the course and not panic.
Turns out millennials—who range between 19 and 34 years old—are pretty smart about saving money. A recent study found that nearly two-thirds of millennials are saving for retirement, despite the fact that they are facing unprecedented levels of student loan debt and a challenging job market.
In conclusion, while the percentage of young adults investing in the stock market may be lower than in previous generations, there is still a significant amount of interest and potential for growth. With the rise of investing apps and easy access to information about the stock market, young adults have more tools than ever before to make informed decisions about their financial future. It is important to educate young adults on the risks and benefits of investing, so they can make informed decisions and secure their financial independence.