Gen-Z and Millennial investors’ risk tolerance is at a pandemic-era high and their confidence is increasing, an E*Trade survey shows

By Emily Graffeo

A small survey by E*Trade suggests that younger investors are taking riskier bets, are trading more often, and are more confident than they were before the pandemic.

In an April survey of 273 investors under the age of 34, 72% of respondents said they are confident in their portfolios, a 16 percentage point year over year increase.

Not only are investors growing more confident, but their attitudes toward risk are more aggressive. 70% of Gen-Z and Millennials said their risk tolerance increased within the last three months, 19 percentage points higher than the third quarter of 2020 when E*Trade first asked the question.

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