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  3. Traditionally, we associate the early years with risky behavior—but one cons

Traditionally, we associate the early years with risky behavior—but one cons

游客2024-10-10  18
问题     Traditionally, we associate the early years with risky behavior—but one consequence of the recession appears to be a shift in the way 18-to 34-year-olds handle money. Affluent rnil-lennials and 30-somethings say their tolerance for risky investment is much lower than it was a year ago, rivaled only by people over the age of 65, according to a new study by Merrill Lynch Global Wealth Management. "It truly is a generational change, " says Dave Geske, an executive at Ameriprise Financial. "The market got cut in half. Housing got cut in half. People saw their asset classes get blown up.
    Avoiding risk may feel sensible to a generation whose financial coming-of-age has been bookended by the dotcom bubble and the subprime-mortgage meltdown. In 2010, only 41 percent of 18-to 29-year-olds reported working full time, compared with 50 percent in 2006, according to the Pew Research Center. Millennials were more likely to report losing their jobs than workers over the age of 30, and many recent college graduates have had a hard time finding a toehold in a tight labor market, even as the national unemployment rate rose Friday to 9. 6 percent. If the 18-to 34-year-olds feel more cautious about investing, it’s partly because they have less money to spend and little economic security.
    In response, financial firms have begun adjusting their products. Target-date retirement funds for young investors, managed by mutual-fund giant John Hancock, recently decreased exposure to stocks by 10 to 15 percent. Anecdotally, financial planners say young clients are keeping more cash on hand, and online banks such as INC Direct have rolled out savings accounts with slightly higher interest rates. " We’re seeing people try to put bells and whistles on very conservative investment, " says David Carter, chief investment officer at Lenox Advisors.
    But in the long term, is it wise for 18-to 34-year-olds to avoid stocks, load up on bonds, and keep more cash in their bank accounts? Perhaps not, if they want to live comfortably in retirement. "You need the growth potential of stocks, " says Christine Benz, director of personal finance for Morningstar. com. " Investors cannot expect the same returns from bonds and bond funds.
    One feature remains this generation’s attitude toward money. The Pew Research Center’s findings show that 85 percent of adults under 30 feel optimistic about their financial future, compared with 45 percent of the 50-and-up crowd. Three quarters of young adults surveyed by the center say they feel confident they will have enough money to retire. So, while the twin busts may have diminished their appetite for risk now, there’s reason to believe young adults’ faith in the market will eventually return. Dollar-sign tattoo, anyone? [br] Millennials’ attitude towards investment is______.
选项 A、as risky as before
B、riskier than before
C、as cautious as before
D、more cautious than before
答案 D
解析 推理题。本文第一段前两句表明：“传统上，我们总是把年轻和冒险联系在一起，但是经济衰退的一个结果是18岁到34岁的人处理金钱的方式发生了转变。许多富有的80后表明他们对风险投资的容忍度与一年前相比大大降低”，由此可以推知，年轻人对投资的态度是[D]“比以前更加谨慎”，其他选项均不符合文意，故排除。
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