The dotcom crash and the Great Recession have taken a serious and lasting toll on the risk appetites of Generation Y, according to the latest MFS Investing Sentiment Survey. This generation, between the ages of 18 and 30, are “investing more like their parents and grandparents, many of whom grew up in the shadows of the Great Depression,” said William Finnegan, senior managing director of U.S. retail marketing for MFS.
“Similarly, many Gen Y’s reached investing age during the dot-com bust, lived through 2008’s Great recession and continue to experience significant economic uncertainty and market volatility today,” Finnegan said.
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