Source: Good News Network
Investing is no longer something that only your dad does; according to new research, millennials are stepping up to the plate and taking a shot—and they’re quite good at it.
A new survey of 2,000 millennials shows that nearly 7 in 10 of them are currently financially investing in something.
Furthermore, 85% of those youth do not, in fact, feel too young to invest.The survey, which was conducted by OnePoll on behalf of Ally Financial Inc., also uncovered how millennials felt about investing—which is, surprisingly confident.
According to the results, 85% of millennial investors have grown their money, with the average saying they’ve netted $2,527.
Most participants believed the “right age” to dive into investing is 28, and survey respondents said you should have at least $3,600 in your savings account.
While millennials, in general, are pretty on top of it, there are still about 1 in 5 who say they’re so overwhelmed by the idea of investing, that they haven’t even looked into its potential, at all.
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