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Summary: When it comes to risk, millennials aren’t having any — at least for long-term savings. So say 39% of American adults between the ages of 18 and 29, known as millennials, according to a new Bankrate report. They’re more likely than any other age group to believe that the best long-term investment is cash.
 “The preference for cash and aversion to the stock market among young adults is very troubling considering this age group has the biggest retirement savings burden. They won’t get there without being willing to assume a little short-term price risk in their long-term money.”
Greg McBride, chief financial analyst, Bankrate.
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