Survey: Young Site Visitors Prefer Savings Accounts

Financial planners say younger investors can afford to assume more investment risk than older investors can, but young people may be more afraid of investment risk.

Managers of themint.org, Milwaukee, a financial education Web site, have published figures supporting that finding in a summary of results from a survey of 2,200 consumers who visited the site.

Themint.org is backed by the Northwestern Mutual Foundation, an affiliate of Northwestern Mutual Life Insurance Company, Milwaukee, and the National Council on Economic Education, New York.