Millennials are losing faith in stocks and bonds. Here’s what they’re investing in instead

Skeptical of traditional investment, younger people are embracing the alternatives. It’s not all crypto.

In just a little over two decades, millennials and Gen Zers are expected to inherit $73 trillion from the baby boomer generation—a historic transfer of U.S. wealth. According to a Bank of America Private Bank survey released Tuesday, the new owners of this money are poised to make some very different decisions about how to invest it. The takeaway? Life could get a little bit tougher for Charles Schwab and E*TRADE.

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