When it comes to millennials and stocks, study after study paints the 20-ish to 30-ish set as risk-averse cash hoarders. Yet many younger workers probably have most of their retirement savings in stocks.
As more employers automatically enroll new employees in 401(k) plans, they are increasingly putting them in target-date funds, also called lifestyle funds. Some of these funds start out with equity weightings as high as 90 percent.
