How millennials invest is affected by social media, FOMO
Millennials may think they're chill, but they're prompted to investment action by the anxiety-caused fear of missing out.
By Ben Stupples|October 10, 2018 at 02:31 PM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
(Bloomberg) –Millennials’ use of social media is helping to drive their investment decisions, according to Fabrizio Campelli, Deutsche Bank AG’s global head of wealth management.
They have a “fear of missing out” as they’re more “networked and exposed” through social media to their peers’ activity than previous generations, Campelli said Wednesday during a discussion about millennial wealth at the Bloomberg Invest Summit in London.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
61% of employers surveyed consider caregiving benefits to be a top priority for their business and employees, yet 22% consider themselves as below average in developing caregiving benefits. Download this info sheet to help your clients remain competitive by offering a care benefit package.