A survey of those with net assets exceeding $3 million found a clear divide between the manner in which older and younger generations invest. Younger generations, who tend to be more risk-averse, show more interest in impact and alternative investing. Older investors reported a reliance on bonds, stocks, and cash and tend to aggressively invest in equities. Despite these differences, almost two-thirds of survey respondents thought that it was important to leave something to the next generation.
See Christopher Robbins, Among Wealthy, Old and Young Blaze Different Paths, Financial Advisor, June 13, 2017.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.
