Millennials expect the highest investment returns of any generation, study finds. (via CNBCMakeIt)
In fact, the older the age group, the slightly less optimistic investors became. Generation X, those aged 38 to 50-years-old, predicted they could generate nearly 11% annually from their investments, while baby boomers expected nearly a 10% gain on their money each year. The silent generation believed their funds could grow by close to 10% annually.
Rupert Rucker, head of income solutions at Schroders, said that much of millennials' investment experience has been "shaped from the period of very strong market performance since the global financial crisis, which might have distorted long-term return expectations." Rucker added that the consistency of the findings over the last few years could also be illustrating that younger investors are generally more optimistic than older cohorts "irrespective of market conditions."
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