As a personal finance reporter at CNBC, when the stock market drops, as it has from the coronavirus outbreak, I write stories reminding our readers to remain focused on their long-term goals and to resist panic.
Fewer than a third of millennials, often considered those born between 1981 and 1996, are saving in a 401(k) retirement plan, according to Charles Schwab's 2019 Modern Wealth Survey.
"I don't even know why or how a stock market crash would affect me waking up, going to work and living my life," she said.
Millennials earn 20% less than baby boomers did at a similar age, according to a recent report, "The Emerging Millennial Wealth Gap," from nonprofit, nonpartisan think tank New America.
All of this means fewer young people are able to put their money into the stock market.