by JD Rucker, America Outloud:

There has always been a very wide gap in how younger and older Americans handle their money. It isn’t just in day-to-day expenditures. Retirement accounts such as 401K are sometimes an afterthought for those who have been in the workforce for two decades or less while it’s at top of mind for those who are getting closer to retirement age. As a result, younger workers often keep their portfolios in markets that can offer greater returns at greater risks, while older workers or those who have retired often accept lower returns at minimized risks.