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Wary millennials avoid taking investment risks

Consultant: Market scares them

1:00 AM, Apr. 27, 2013
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This year the Dow finally broke through the 14,000 barrier for the first time since October 2008, but no thanks to the risk-averse millennials.

The millennial generation, which ranges in age from 18 to 34, has been raised during the stock market crash and the Great Recession. No wonder two-thirds of them save the cash left over from their paychecks and 18 percent of them pay off debt, according to a study by market research firm Lab42.

Most of their debt is from credit cards and student loans. Although they are considered responsible, it's unclear how well they will manage debt as they take on ...

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If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports