Millennials Are Ditching Stocks in Favor of Starting a Business

Millennials whose parents lost their savings during the financial crisis, then lost their jobs as businesses slashed workforces to survive, lost faith in both Wall Street and Corporate America. Their distrust can now be measured, to a degree, in the way they invest both their money and their time. About 66% of the generation born between 1980 and 2000 see starting their own business as a more reliable path to financial security than buying stocks and climbing the corporate ladder, according to an October 2014 survey from Bentley University. Indeed, just 13% of Millennials have their sights set on becoming a CEO, Bentley's study found. That's roughly in line with the 14% who say they trust Wall Street, according to an April survey from Harvard University's Institute of Politics. As far as voting with their wallets, only 26% of 18- to 34-year-olds are investing in stocks, according to a March survey from Bankrate. TheStreet's Scott Gamm reports from New York.