Gen Y workers in higher education retirement plans tend to be as conservative as their older counterparts a Fidelity survey released Monday found. Fidelity surveyed approximately 600 higher education employees and found that Gen Y, Gen X and boomer workers share similar asset allocation strategies.

The 2011 Higher Education Generational Survey, conducted by Versta Research for Fidelity, found that Gen Y workers typically allocate 50% of their portfolios to stocks, 35% to bonds or annuities and the remainder to cash. By comparison, baby boomers' typical allocation was 47% to stocks, 39% to bonds or annuities and 14% to cash.

John Ragnoni, executive vice president for Fidelity's Tax-Exempt business, cautioned against such conservative strategies for young investors.  

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.