Generational Divide in Wealthy Americans’ Investment Strategies Revealed by Bank of America Private Bank Study
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The 2004 Bank of America Private Bank’s Study of Americans revealed surprising insights about affluent Americans while highlighting a few generational divides. The study showed that wealthy Americans overall feel U.S. stocks offer significant growth opportunities, although investors aged 44 and older trust domestic equities (41%) more than investors under 44. Millennials and Gen Z are more interested in going beyond traditional stock and bond markets to build their wealth and instead prefer to invest in real estate (31....

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