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Fordham students were mixed in their involvement in market activity, while some expressed investment interest, others were skeptical of their own financial competence. When asked, one young woman said: “I know so little about the economy, I’m just not capable of [investing].”
Another student shied away from investing based on his current financial situation and his general lack of interest. “I simply don’t know how and I don’t have the time” attested the young man.
According to Charles Schwab, data shows that fewer young people are investing today (37 percent) than invested a little over a decade ago (52 percent).
There are, however, some financially-minded students on Fordham’s campus.
“I am invested and I do pay attention,” said one, while another provided Partsinevelos with investment advice. He expressed his interest in ETFs, saying “go with the market long-term.”
For college students who have invested considerably in their education, if not the stock market, express longer-term plans for investment. An economics major articulated this position saying, “I haven’t invested any money yet, but I do plan to.