Millennials are becoming financial Neanderthals

And that might be unkind to Neanderthals

Millennial cavemen
(Image credit: (Thinkstock))

All age groups are investing less in stocks since the 2008 recession. But for millennials, the youngest group — who have most of their working lives left ahead of them, and can therefore afford to take the most risk — the fall has been particularly precipitous.

Just 27 percent of 18- to 29-year-olds reported owning shares in individual companies or as part of a fund, down from 33 percent in April 2008, according to the latest Gallup poll on the matter.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.