Savings & Retirement
Fear of Stock Losses Has Retirement Savers Sticking With Cash
A survey finds many investors playing it safe, which could cost them in the long term.
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American workers are keeping large chunks of their retirement savings in cash to protect themselves from another slump in the stock market.
Millennial workers have a third of their retirement funds in cash, more than any other asset class, according to a new retirement survey from investment manager Schroders. For workers 45 and older, that number is 29%.