The Rise in Millennial Investors

Self-directed investing continues to grow in Australia, with recent research on the millennial demographic contrary to their reputation for being a generation of spenders. 43 per cent of millennials are investing their money, with shares and property revealed as the most favoured investments.

This record level of activity is also underpinned by the latest online investing survey from Investment Trends, which found Australia is now the world’s third largest self-directed investment market after the USA and Germany.

• 43 per cent of millennials are investing to create wealth so they will be financially independent

• 45 per cent of millennials favour property investment, closely followed by investing in the stock market (38 per cent)

• 26 per cent of millennials are adding more money to their superannuation – with 16 per cent frequently checking their super, and 38 per cent occasionally reviewing

• 86 per cent of millennials want to have more open discussions about investing their money, with 50 per cent of those wanting to discuss investing in the stock market, 45 per cent in investment and 43 per cent in superannuation.

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Source: Newsroom Commonwealth Bank