Gen Y workers in higher education retirement plans tend to be as conservative as their older counterparts a Fidelity survey released Monday found. Fidelity surveyed approximately 600 higher education employees and found that Gen Y, Gen X and boomer workers share similar asset allocation strategies.
The 2011 Higher Education Generational Survey, conducted by Versta Research for Fidelity, found that Gen Y workers typically allocate 50% of their portfolios to stocks, 35% to bonds or annuities and the remainder to cash. By comparison, baby boomers' typical allocation was 47% to stocks, 39% to bonds or annuities and 14% to cash.
John Ragnoni, executive vice president for Fidelity's Tax-Exempt business, cautioned against such conservative strategies for young investors.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
