Smart Millennials Can Be Dumb Investors

Millennials, also known as Generation Y, are an interesting group of people. The term typically refers to those born between the early 1980s and 2000. The general perception of this generation is mixed. Some articles portray them as selfish, lazy and entitled. Others report they have a community spirit.

A study published in 2012 in the “Journal of Personality and Social Psychology” co-authored by Jean M. Twenge, W. Keith Campbell and Elise C. Freeman found that millennials are “more civically and politically disengaged, more focused on materialistic values, and less concerned about helping the larger community” than previous generations.

On the positive side, the study concluded that millennials are more inclined to volunteer and less prejudiced on race, gender and sexual orientation.

Read the rest of the article at US News.