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Millennials Prefer Cash

July 21, 2014, 11:40 AM by Anna Peters

Millennials Prefer Cash
SIOUX FALLS, SD -

Americans would rather put their money in the bank than make long-term investments in stocks. 

A new survey found that's especially true with people between the ages of 18-and-29. 

Even with recent gains on Wall Street, 39 percent prefer cash as their favorite long-term investment.  According to the Bankrate report that's three times higher than the percentage of millennials who invest in stocks.

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