Fewer and fewer young people are investing in the stock market — and without that long-term plan many will never achieve the American dream of financial security, says Stephen Moore, chief economist of the Heritage Foundation.
"Young people are not investing in the market and that's a problem," Moore said Monday on "The Steve Malzberg Show" on Newsmax TV.
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"Because if you're between the ages of 20 and 35 and you start investing a little bit, saving a little bit each paycheck, even if it's maybe $100 a paycheck, and you let the power of compound interest — which is Albert Einstein says the most powerful force in the universe — you're going to be a millionaire when you retire.
So it's really distressing that so many people between 20 and 35 — I think the number is something like less than 15 percent — are investors."
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