Risk-Taking Across Generations
Do investors take less risk as they age? Do millennial investors have a higher risk tolerance than the average investor overall?
This research paper explores how various demographic groups view risk and how investors' experiences shape their risk tolerance.
The paper was produced by the Vanguard Center for Investor Research (CIR). CIR is dedicated to the study of investor behavior. The research is intended to advance our understanding of the fundamental nature of investor decision-making and uncover strategies to improve the financial lives of investors.