A majority of Millennials, the generation of people who in were between the ages of 18 and 34, do not invest in the stock market, which includes buying individual company stocks, bundles of stocks through mutual funds or exchange traded funds, and contributing to retirement accounts such as k s. And not just for Millennials, she says. Collectively, 4 in 10 Americans, 43 percent, own stocks, reports Bankrate.

This includes 51 percent of people who are 36 to 51 years old Generation X , and 48 percent of Baby Boomers, who are aged 52 to Among older Millennials, those between 26 and 35 today, the investment picture is a little brighter, though not ideal, according to the survey.

In that age group, 44 percent of people invest, compared to less than a quarter of to year-olds.

An earlier Bankrate survey found that 62 percent of Millennials will save more than 5 percent of their income this year, an increase from 42 percent in A third of Millennials are saving more than 10 percent of their income, which is up from 22 percent last year.

According to Cornfield, all Americans should aim to stash away 10 to 15 percent of their income towards retirement savings.

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Lonnie Shekhtman, Christian Science Monitor. The main reason so few invest is that they can't afford to.

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