Reported 12 months ago
Bank of America Private Bank's survey of high-net-worth Americans identified significant differences between younger and older wealthy investors, particularly in their investment strategies and attitudes. The study, conducted by market research company Escalent, revealed that younger investors are more inclined towards alternative assets, with 93% planning to increase their allocation to alternatives. Additionally, younger investors are less optimistic about traditional stocks and bonds generating above-average returns, influenced by past market crashes and changing market dynamics. This generational disparity highlights the evolving investment landscape and the shift towards alternative assets among younger investors.
Source: YAHOO