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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Americans In Their 20s Hold 38.7% Of Wealth In Cash — Here's How Asset Allocation Changes In Their 30s, 40s and Beyond

Empower Warren Buffett Bonds United States
Many young Americans hold over a quarter of their wealth in cash (Credit: Photo by Karola G on Pexels)

Recent data from Empower revealed that 52% of Americans believe cash is king, especially investors in their 20s who have 38.7% of assets in cash.

Your portfolio is likely to change over time as your life goals shift and your income and risk appetite change. Empower's personal dashboard data revealed that while net worth peaks in the 60s at an average of over $1.5 million, it begins to decline in their 70s.

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