The great majority (96%) of millennials do not have an investment portfolio, with many arguing the process is too complicated and something reserved only for the rich, research by Dabbl has found.
The findings came despite the fact nearly three-fifths (58%) of millennials said they had considered starting an investment portfolio. Nearly three-quarters (72%) of those aged 25 to 34 said their reluctance was down to the investment process being too complicated, while three-fifths (62%) claimed it was something reserved only for the rich. In its survey of 2,000 adults aged 18 to 55, taken in April, investment app Dabbl found this wealth divide was also influenced by respondents' socioeconomic status. Three-fifths (61%) of respondents with an 'AB' social grade considered investing, ...
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