Life Insurance and Stocks
When it comes to making money moves, millennials are less likely to invest their hard earned cash in two things: Life insurance and the stock market. So let’s go through it. Seventy-five percent of millennials do not have life insurance simply because they cannot afford it. And when they are struggling to make rent in the present, they don’t necessarily want to think about investing in the future.
As far as stocks go, only 13 percent of millennials told Barron’s that they would invest in the stock market. Market experts think that this mainly has to do with witnessing a stock market crash at a young age. After seeing the effects first hand, they took stock of the situation and decided against making the investment.