Elise Amendola/AP
- Millennials are keeping their savings in cash rather than investing, a new survey has shown.
- They've parked a third of their retirement funds in cash, rather than stocks or bonds.
- Both asset classes plunged last year but stocks are now rallying, with investors readying for a potential Fed pause.
Millennials are keeping a third of their savings in cash and shunning investing, according to a new survey.
Asset management firm Schroders polled a group of workers aged between 27 and 42 and found that on average they'd allocated 33% of their retirement funds to cash – compared to putting 31% in stocks and 16% in bonds.