Millennials are more likely than other generations to be risk-averse.
They hold 52% of their savings in cash and only 28% in stocks, according to a UBS study. For other generations, the weightings are nearly the reverse: 23% in cash and 46% in stocks.
A 2013 Accenture report found that 43% of Millennials identify as conservative investors, whereas just 27% of Gen Xers and 31% of Boomers do.
And 43% said they would never be comfortable investing in the stock market, in a MFS Investment Management study.