Millennials Archives - The Industry Spread

Seven Myths About Millennials

October 15, 2018

The seven myths are as follows: millennials have lofty goals, income challenges and debt are the key barriers for millennials who don’t invest, millennials are overconfident and this spills into their financial lives, millennials are wary of the financial services industry, millennials overestimate the investable assets needed to work with a financial professional, millennials want advice digitized, and millennials all think alike.

CFTC Says Millennials Vulnerable to Scams

September 16, 2018

James McDonald is the CFTC’s Director of the Division of Enforcement and he stated, ““We have seen an increase in the number of unregistered entities and individuals illegally pedaling apps, websites, and social media to retail customers for trading in forex and binary options. Many of these entities and individuals specifically target Millennials, who may be less experienced investors.”