This content is from: Innovation
Generation X Marks The Spot Of Poor Investing
People between the ages of 26 and 39 are proving to be the poorest investors, according to a survey by Oppenheimer Funds.
People between the ages of 26 and 39 are proving to be the poorest investors, according to a survey by Oppenheimer Funds. The survey found that the group, popularly known as Generation X, has little available cash for investing, but apparently enough for consumer goods. For example, 56% of men and women have credit card balances of at least $3,000, and 62% of respondents say they live from paycheck to paycheck. In addition, focusing on the women in the survey, 62% said they have no investment or retirement portfolios, and while 45% of Generation X women admit they would own 30 pairs of shoes, only 30% would consider saving $30,000 for retirement.