How the young should invest
A recent analysis conducted by Vanguard, a prominent asset-management firm, sheds light on the investment habits of different generations. The study, which examined 7 million retail accounts at the end of 2022, reveals an interesting trend: younger generations tend to allocate a higher percentage of their portfolios to #cash compared to their older counterparts. Specifically, Generation Z, those born after 1996, had an average cash allocation of 29%, while baby boomers only allocated 19% to cash.
https://www.economist.com/finance-and-economics/2023/11/16/how-the-young-should-invest
