Millennials Turn to Robo-Investing Amid Financial Challenges
Millennials, aged 28 to 43, are prioritizing financial independence like never before. Nearly 80% are saving for retirement, and a third are actively investing. Yet, they face unique hurdles—sky-high housing costs, volatile markets, and crushing debt. Over half cite non-housing debt as a major barrier.
Traditional financial advisors remain out of reach for many, with minimum balances starting at $25,000 and fees as high as 2%. This has fueled a shift toward digital solutions. Robo-advisors, with their low barriers to entry, are becoming the default choice for a generation weaned on technology.