A new survey from MFS has found that the younger generation’s definition of long-term investing is quite short, and that these "recession babies" invest more conservatively than even their grandparents.
“The data confirms that we have a lost generation of investors,” said William Finnegan, senior managing director and head of Global Retail Marketing for MFS, in a statement releasing the MFS Investing Sentiment Insights survey. “The impact of 2008’s Great Recession has had a deep-seated secular impact on millennial investors. Their grandparents are more aggressive investors.”
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