FidelityConnects

Gen Z and Millennial investing and financial habits - Kelly Lannan

July 13, 2021

Kelly Lannan, Fidelity's Vice President of Young Investors, takes us through some of the latest trends and the habits and priorities of younger generations. Kelly believes the recent events of 2020 and 2021 have motivated young people to learn more about trading and investing, but Kelly believes younger investors are often prioritizing the shorter term over the long term when it comes to financial goals. Kelly also notes that a shift in technology has led to the rise of fractional shares trading, which is important because younger generations have told Fidelity via a recent U.S. study, that starting small is their preference. ESG is important to young investors as they want to work with companies that align with their values. However, this does not mean the end return is any less important to young investors. Additionally, Kelly believes that improving financial literacy among young people would lead to opportunities and makes firms more accessible and inclusive. She also shares that many people in younger generations are naturally risk-averse.

Recorded on July 8, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_lannan_genzinvesting.pdf