Gen Z is treating the midterms like a market event. Boomers are treating them like weather
A survey finds 72% of Gen Z investors have changed their portfolios ahead of the midterms, versus 17% of boomers. Here’s what it means.
Gen Z investors are treating the upcoming midterm elections with the same intensity as traders on Wall Street, while Baby Boomers seem more concerned with the weather forecast. According to a survey by the Nationwide Retirement Institute, 72% of Gen Z investors have already adjusted their retirement savings and investment portfolios in anticipation of the November elections, compared to only 17% of Boomers.
However, this isn't a mass exodus from the market. Many Gen Z investors are actually adding funds to take advantage of current conditions, while others are shifting towards safer investments. Gen Z, who have grown up in a digital age with instant access to financial information, are treating the election as a market event. Boomers' decision to wait it out, on the other hand, might be less about experience and more about their life stage - most are near retirement and may see changes as selling off assets.
Financial professionals surveyed by Fortune suggest that investors should stay diversified and only make changes when necessary, such as when their financial goals or risk tolerance changes.
Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.