Quarter of Millennials Bought Stocks Amid Recent Volatility: Bankrate
April 15, 2020 by Jeff Berman
Millennials boosted their stock investments more than other generations amid the extreme market volatility seen last month, according to an online survey conducted for Bankrate by YouGov March 20-24.
However, the survey also found that millennials were also the most likely to sell stocks, Bankrate said Tuesday, noting that 1,175 adults 18 and over who said they had retirement or other investing accounts responded to the survey.
The older the investors, the less likely they were to add money to their stock portfolios amid the turmoil, according to the findings.
Twenty-four percent of the millennials who responded said they bought more stocks, compared with only 13% of investors in Generation X and 5% of baby boomers, Bankrate said.
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