Nearly 75% of Gen Z investors changed or are considering changing their portfolios ahead of the U.S. midterm elections
Nearly three-quarters of Gen Z investors, those under 30, said they changed their portfolios ahead of November's midterm elections or were considering doing so, compared with 17% of baby boomers, according to a Nationwide Retirement Institute survey conducted by Harris Poll in August and September with more than 2,000 investors and 500 financial professionals. Across all age groups, 40% said they had made changes. Nearly two-thirds of the advisers surveyed said the best strategy in an election year is to do nothing.
In 45 seconds
- Nearly 75% of investors under 30 changed or are considering changing their portfolios before the elections, versus 17% of baby boomers.
- 24% of Gen Z moved money into more conservative investments, versus 13% of baby boomers; 40% of all respondents made changes.
- Nearly two-thirds of the more than 500 advisers and financial professionals surveyed said the best strategy in an election year is to do nothing.
Read the full story at Bloomberg Línea
IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.
Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.