Just under 50% of Americans surveyed by Fidelity Investments, regardless of age, say they are conservative when it comes to retirement savings, the company found in a study.

Participants from Generation Y, for instance, hold an asset mix of 50% stocks, 35% bonds or annuities and 15% cash, similar to Generation X and baby boomer respondents. Fidelity polled 595 employees at higher education institutions last February and March for the study, the “Higher Education Generational Survey.”   

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