Newspaper article The Canadian Press

Two-Thirds of Millennials Investing, but Most Lack Financial Knowledge: Poll

Newspaper article The Canadian Press

Two-Thirds of Millennials Investing, but Most Lack Financial Knowledge: Poll

Article excerpt

Millennials lack financial knowledge: poll

--

TORONTO - A new poll suggests that two-thirds of millennials are investing their money, but that most feel they don't have adequate knowledge for the task.

The poll done for CIBC (TSX:CM) found 67 per cent of Canadians aged 18 to 34 reported have investments including stocks, GICs, bonds and mutual funds.

However, 82 per cent said they didn't know enough about investing.

Meanwhile, the one-third of respondents who said they did not have any investments cited lack of financial knowledge and the fact that investing "intimidates" them as major reasons.

Not having any money to invest and other financial priorities were also cited as reasons for not investing.

Of those who do invest, 41 per cent said they don't get the returns they expect, while 28 per cent found it hard to develop a long-term strategy. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.