Here’s one theory why people in their 20s and 30s are reluctant to invest

Millennials may blame the Great Recession for their reluctance to invest, but their parents may have played a bigger role.

This generation — aged 21 to 35 for the purposes of this study — was taught to save, but two-thirds of millennials said their parents didn’t show them how to increase their wealth beyond having a job. One third flat-out said their parents didn’t give them any advice, and the other third said their parents were ambivalent, according to a survey by PNC Investments, a financial services company headquartered in Pittsburgh.

PNC surveyed 501 millennials who reported having at least $5,000 in investable assets or a qualified retirement plan and at least $1,000 in investable assets.

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