Baby-boomers 'sleepwalking' into poor financial decisions

Of the more than 2,000 adults who took part in the survey, those aged 55 appear to be the most risk-averse when it comes to investments, Aegon found, with 44% of the group preferring to avoid risk "at all costs", compared with 36% of those aged 18 to 34. Around one-third (32%) meanwhile said being financially cautious was "incredibly important" to them and one-fifth (18%) said family and friends would describe them as cautious. When asked to place their risk appetite from zero to adventurous, two-fifths (39%) of over-55s admitted they have zero risk appetite, with just 17% of those ag...