Millennials Understand Fixed Income Better Than Do Older Investors: Survey
November 20, 2019 by Michael S. Fischer
Millennials have a slightly better grasp than older investors of the role fixed income plays in retirement planning and how the asset class responds to market cycles, according to a study released Monday by BNY Mellon Investment Management.
Asked by pollsters when average investors should consider adding fixed income to their investment portfolios, 36% of millennials said they did not know, compared with 45% of baby boomers, who are much closer to, if not already in, retirement.
Not only that, just 32% of boomers reported having a fixed income allocation in their portfolio, versus 43% of millennials.
Divergent thinking emerged among age brackets in the role fixed income investing can play in retirement planning and how the asset class responds to risk.