Will the $1.9 trillion federal relief plan making its way through Congress do more to stimulate the U.S. economy—or the stock market?
Young millennials—those from 25 to 34 years old—plan to put 50% their anticipated payments from Uncle Sam into the stock market, according to a survey of online investors for Deutsche Bank. Among Gen Z types from 18 to 24, the percentage earmarked for stock investing was a hefty 40%. And for older millennials and Gen Xers from 35 to 54, the portion planned for stocks was only slightly lower at 37%. By contrast, boomers over 55 expect to put only 16% of their money from D.C. into stocks.