Millennials are risk averse when it comes to investing in the stock market, according to Aron Levine, an executive with Merrill Edge, a division of Bank of America (BAC) - Get Bank of America Corp Report .
"They're playing it safe," Levine said, adding that millennials are taking a careful approach when it comes to stock investing and are delaying some of life's milestones such as marriage and buying a home.
More From TheStreet:
- Shark Tank Star Kevin O'Leary: Stocks Have No Competition
- These 3 College Students Saw Portfolio Gains of 427% in One Month
- Nobel Prize Winning Economist Joseph Stiglitz: Bitcoin Is a Bubble
- Video: This New Audi A8 Sedan Has Level 3 Autonomous Technology