Generation Y finds different sources for financial information
A new survey of adults ages 22 to 34 shows that only 10 percent of so-called Generation Y considers professional investment advisers as the most valuable source of financial news and information, according to Investment News.
The survey, conducted by Maritz Inc., screened 963 adults for TD Ameritrade Holding Corp. In the same age group, 21 percent most trust their friends, colleagues and relatives for financial news, 21 percent rely on television or radio shows, 20 percent depend on news websites and 11 percent rely on newspapers.
The survey also found that about a third of the age group consider social media a valuable source of information about financial markets and the economy.