Millennials out-invest Gen X and Baby Boomers

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Familiarity with technology and a desire for higher returns is driving a preference for online investment platforms among younger generations

Posted inNews archiveon05 Dec 2017

Millennials aged 18-34 are out-investing Gen X (those aged 35-54) and Baby Boomers (aged over 55) according to a new study by ArchOver, the peer-to-peer (P2P) business lending platform. The report, Next Gen: Investors and Savers, explores the UK’s attitude towards risk and investment in the current climate. The research of 2,000 UK adults revealed that two-thirds (67%) see themselves as savers, using deceptively ‘safe’ banking options like savings accounts and pension funds to sit on

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