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Millennials Are Good at Saving. But Investing? Not So Much

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A number of new studies indicate millennials are generally doing a great job stashing money for the future. But some of those studies also show that they’re wary about investing those savings in the stock market.

This could hurt them in the long run. Investing in the stock market is a powerful way to grow your money for your long-term goals — more on that below. But first, the good news.

Millennials are indeed saving

Although organizations vary in how they define the millennial generation, it broadly encompasses those born in the 1980s and 1990s. Looking at several studies paints a picture of their general habits:

71% of millennial workers are saving for retirement, either in a workplace plan or outside of work, and the median age at...

Continue reading on www.nerdwallet.com

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