by EMILY KALLMYER
Our generation is scared of investing. Most of us remember the Great Recession, which led to the loss of 2.6 million American jobs in 2008 alone.
It was the most jobs lost in more than six decades. The stock market had the biggest single-day drop in history. Investors panicked, withdrawing a staggering $151.4 billion from stock market mutual funds.
Those numbers may be hard to comprehend. But they were very real for the people – and families – affected.
By most measures, it was the worst stock market crash since the Great Depression. So it’s no wonder that our generation is hesitant to invest.
In fact, only 28% of people between the ages of 21 and 36 think that long-term investing is important to success, according to a UBS Investor Watch survey.