Gen X and Gen Y millionaires exhibit vastly different behaviors toward wealth than their baby boomer predecessors, according to a new study by Fidelity Investments.
For one, Gen X/Y millionaires are not sitting idly with their wealth but are actively engaged in making it grow. The study showed that 73 percent are willing to put money into an aggressive strategy. Most Gen X/Y millionaires also are more willing than boomers to add new asset classes to their portfolios, including complex investments…
Gen X and Gen Y millionaires exhibit vastly different behaviors toward wealth than their baby boomer predecessors, according to a new study by Fidelity Investments.
For one, Gen X/Y millionaires are not sitting idly with their wealth but are actively engaged in making it grow. The study showed that 73 percent are willing to put money into an aggressive strategy. Most Gen X/Y millionaires also are more willing than boomers to add new asset classes to their portfolios, including complex investments…