20% of millennials say they will 'never' be invested in the markets.
it's not hard to understand that millennials aren't feeling great about their finances. The majority, 70 percent, also said the Great Recession made them skeptical of stock market experts.Source: Wells Fargo 'Millennials, Money, and the Happiness Factor' study
Wells Fargo developed a Positive Financial Indicator to measure how well a person is doing financially. It consists of five attributes of an individual in good financial standing:I feel in control of my financial life.Interestingly, the bank found that those who score higher tend to be happier and more confident with their money."So really, really important — engagement actually drives happiness. And that's a connection that millennials don't understand," Mitchem said.
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