Stock Market News
British business at risk of dwindling investment as millennials 'not interested'
(WebFG News) - Innovative British business faces serious risks in the future due to the lack of interest by millennials in investing, according to a new report.
A full 96% of millennials are not interested in building any form of investment portfolio, according to new research by investment app Dabbl of 2,002 adults.
Millennials, that is those people aged 25-34, are showing a lack of interest in building investment portfolios and are thereby failing to contribute to investment in businesses. Under-34s claim the process of investing is "too complicated" and just activity reserved for wealthy people, according to 72% and 62% of those surveyed, respectively.
Although 58% of millennials have considered starting an investment portfolio, hardly any go through with the idea.
The Dabbl poll revealed that millennials are interested however in investing funds in brands rather than on smart banking methods to generate profit. Over 50% of people asked think this approach generates better return and feel safer investing in brands that are always innovating and evolving.
Millennials are most likely to invest in technology brands, sport brands or football teams, fashion and drink and food brands.
The poll also found that there is a great difference in opinion depending on gender. Millennial males are twice as likely (69%) to consider investing in their favourite brands compared to women (35%).
Dabbl Co-Founder and CEO, Mark Ackred said: "The findings of this survey revealed the true extent of the lack of confidence, tools and know-how amongst young people in the UK when it comes to investing money. This is something that could have a real impact on the future of British businesses, who rely heavily on investment to grow and develop."
"The truth is, people with all ranges of income can begin building a portfolio - something that can hold them in good stead for the years to come. It doesn't have to be a complicated, confusing process - and we are calling upon all people in the UK who have considered dipping their toe in the world of investment to give it a go," he concluded.
A full 96% of millennials are not interested in building any form of investment portfolio, according to new research by investment app Dabbl of 2,002 adults.
Millennials, that is those people aged 25-34, are showing a lack of interest in building investment portfolios and are thereby failing to contribute to investment in businesses. Under-34s claim the process of investing is "too complicated" and just activity reserved for wealthy people, according to 72% and 62% of those surveyed, respectively.
Although 58% of millennials have considered starting an investment portfolio, hardly any go through with the idea.
The Dabbl poll revealed that millennials are interested however in investing funds in brands rather than on smart banking methods to generate profit. Over 50% of people asked think this approach generates better return and feel safer investing in brands that are always innovating and evolving.
Millennials are most likely to invest in technology brands, sport brands or football teams, fashion and drink and food brands.
The poll also found that there is a great difference in opinion depending on gender. Millennial males are twice as likely (69%) to consider investing in their favourite brands compared to women (35%).
Dabbl Co-Founder and CEO, Mark Ackred said: "The findings of this survey revealed the true extent of the lack of confidence, tools and know-how amongst young people in the UK when it comes to investing money. This is something that could have a real impact on the future of British businesses, who rely heavily on investment to grow and develop."
"The truth is, people with all ranges of income can begin building a portfolio - something that can hold them in good stead for the years to come. It doesn't have to be a complicated, confusing process - and we are calling upon all people in the UK who have considered dipping their toe in the world of investment to give it a go," he concluded.
Related share prices |
---|
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price