The formative scars of the 2008 financial crisis have inclined many millennials (born between 1980-2000) to be more risk-averse than other post-World War II generations, favoring the safety of low-paying savings over “riskier” stock investments.
 
As author Patrick O’Shaughnessy (a millennial himself) explains, this overly conservative approach has huge long-term implications. Whether you’re a millennial — or perhaps a parent or grandparent of one — this is an important message to share with the young workers in your sphere of influence.