Think Advisor reports that when it comes to risk, millennials aren’t having any — at least for long-term savings.

So say 39% of American adults between the ages of 18 and 29, known as millennials, according to a new Bankrate report. They’re more likely than any other age group to believe that the best long-term investment is cash.

via Cash Rules Everything Around Millennials: Study.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.