Comprising the largest generation of American workers today, millennials (people between the ages of 21 and 37) are emerging both as employees and investors. They came of age in a new era of investing, where long-term job security, pensions and a traditional labor market were things of the past.
These factors altered this generation’s views on their careers and investments. They have become natives of a new and evolving workforce. More importantly, the millennial generation has money to invest and their behavior might not be what you expect.
Capital Group surveyed more than 1,200 American adults over the age of 21 with equal participation from the three workforce generations of varying income levels. In our recent Wisdom of Experience survey, we discovered: