Wealthy Millennials Have Lowest Allocation to Stocks

BY LORIE KONISH, CNBC  

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Wealthy millennial investors have the lowest allocation to stocks compared to other generations.


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High net worth and ultra-high net worth members of the millennial generation — those who were born between 1981 and 1997 — also have the highest exposure to alternative investments, according to a new survey from U.S. Trust.

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But wealthy millennials have ramped up their stock allocations in the past year to 46 percent from 25 percent, according to the survey. They also cut their cash as a percentage of their total portfolio to 21 percent from 47 percent. Click here for the full report from CNBC.

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