Younger Investors Not Shy About Stocks in 401(k)s, ICI Says
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More younger U.S. workers saving for retirement have a higher allocation to stocks than a decade ago, two groups that studied buying patterns said.
About 60 percent of 401(k) investors in their twenties had more than 80 percent of their accounts invested in equities at the end of 2010 compared with about 55 percent of investors in 2000, according to a report by the Investment Company Institute, a trade group for the mutual-fund industry, and the Employee Benefit Research Institute, a nonprofit.