MicroVentures Logo MicroVentures Logo MicroVentures Logo MicroVentures Logo

Why Aren’t Millennials Investing?

Millennials investingAccording to a 2016 survey by Bankrate, just one-third of Millennials are investing. A 2017 Wells Fargo survey found that 53% of Millennials report that they’ll ­never be comfortable investing – and 20% have no plans to invest at all.

So why aren’t Millennials investing?

The problem? This missed opportunity equates to more than $3.3 million in lost retirement savings by the time the median Millennial reaches retirement age, according to NerdWallet. Simply keeping funds in a savings account means that Millennials can’t match the returns they could potentially achieve through investments.

That said, there are a number of ways Millennials are impacting global investing:

Through First Democracy VC, a partnership between MicroVentures and Indiegogo, investors can support companies they’re passionate about – with investment minimums beginning at just $100. Not a MicroVentures investor? Sign up today.