Millennials Don’t Do Much Like Their Parents, and That Includes the Way They Invest Their Money

The gap between generations affects everything.

Millennials don’t necessarily think like their parents regarding their spending habits, how they raise their kids or even their outlook on life. The generation gap is significant in many ways, including how they invest.

Millennials Don’t Invest Like Their Parents

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Recent studies show they also don’t tend to invest like them.

Stocks and bonds are out, and cryptocurrencies, private equity, trading in derivatives, or even real assets like art and sports memorabilia are very much in.

Socially conscious investors may also choose to invest in ESG companies that reflect their beliefs. More millennials are investing in companies with similar values and where their impact aligns with their belief system.


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Whereas Baby Boomers 30 or 40 years ago, at a time when retirement was but a fleeting thought, may have had the stomach to invest in the recently issued stock of a start-up or a limited partnership or REIT, 26-to-41-year-olds (the age of Millennials in 2022) have many more options.

“Technology has fueled many more opportunities for people to invest in, and younger people understand it and feel comfortable with it,” says Leo Chubinishvili, CFP, a thirtysomething financial advisor with the wealth management firm Access Wealth in East Hanover, NJ.

“The Great Recession of 2008 had a lasting effect on Millennials.  There were fewer jobs available to them when they started, their savings were affected, and the markets had lost so much and took so long to recover. So, these people started to look for other opportunities.”


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Technology has also provided platforms for investors to do everything from purchasing company stock pre-IPO, to investing small amounts in hedge funds, art, or racehorses.

Working at times with multi-generational clients from the same family, he says that he sometimes sees the tension between parents and children when it comes to their different investment choices.

Financial Goals

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“It still comes down to deciding your financial goals, the time horizon of the investment, and the risk you can tolerate,” he says.  “I’m usually okay, as long as the investments are weighed, measured, and diverse.”

However, when the son of a wealthy client told him recently that he planned to put his entire inheritance into day trading derivatives, he told the young man that he risked losing everything.  “Sometimes you have to bring them back to the basics.”  The client agreed.

7 So-Called “Frugal” Habits That Are Actually A Waste Of Time And Money

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Not everything is frugal! I am sure you have read articles and tips that promote frugal living and give some ideas that are just not frugal! These frugal myths float around and sometimes even cost people a lot of money!

7 So-Called “Frugal” Habits That Are Actually a Waste of Time and Money

The 20 Things People Used To Cheap Out On, But Now They Swear By The Expensive Versions

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When budgeting and saving money, trying to cut corners wherever possible is tempting. However, some items are worth investing in due to their better durability or quality compared to their cheaper counterparts.

The 20 Things People Used To Cheap Out On, but Now They Swear by the Expensive Versions

Frugal Living Tips From The Great Depression That Are Relevant Today

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How frugal were people during The Great Depression? It was a time of hardship and uncertainty and a time when people were forced to be extremely frugal.

Money-Saving Secrets from the Great Depression: Frugal Living Tips from the Great Depression That Are Relevant Today

Sorry Millennials, These 20 Skills From The 90s Are No Longer Relevant

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The 90s saw a tremendous shift in technology, and many skills that were once essential have become irrelevant in today’s world.

Sorry Millennials, These 20 Skills From the 90s Are No Longer Relevant

Eye Rolling Intensifies: 28 Boomer Comments Gen Z and Millennials Can’t Stand

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Older generations love giving advice and telling younger people things. While there are plenty of life lessons to learn from older people, young people are tired of hearing some of what boomers have to say.

From OK Boomer To Eye Roll: Gen Z and Millennials Are Sick and Tired of These 28 Boomer Comments

This article was produced and syndicated by A Dime Saved.



Hi! I am a millennial mom with a passion for personal finance. I have always been “into” personal finance but got inspired to start my blog after a period of extended unemployment. That experience really changed the way I viewed my relationship with money and the importance of accessible personal finance education.