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Despite the widely held belief that younger investors have become tremendously risk-averse due to the economic crisis, Vanguard is finding that younger investors have increased their equity exposure considerably.
The youngest participants in defined contribution plans, 20-year-olds, have an average equity exposure of 84.7%, up from 40.7% in 2003, Vanguard said.
Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Medias Wall Street & Technology magazine and … Read full bio
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An expert adviser explains the many considerations to take into account before deciding on this as an option for employees.
Weather-based issues are leading to financial hardship, especially for low and medium-income workers.
Ellevest CEO and co-founder Sallie Krawcheck joins Chana Schoenberger, editor-in-chief of American Banker, to discuss how the investing world is changing and how women in banking and finance can succeed.
Auto-enrollment is helping Gen Z Americans save much more actively than the 20-somethings of yesteryear.
Auto-enrollment has the potential to be a game-changer in attacking glaring inequities in our current savings system, where millions historically have not had access to the same savings tools as those in higher income brackets.
