401(k) investing: How Millennial men and women invest differently

Millennial men don't mind risky investments like Bitcoin, or boosting their money knowledge with the help of the financial media. But their female peers are wary of risk, leery of the unregulated world of cryptocurrencies and more apt to gain financial knowledge from family members and employers.    

Those differing approaches to personal finance were highlighted in PNC Investments' 2018 Millennials & Investing Survey, obtained exclusively by USA TODAY

The distinct mindsets about money, the survey says, likely date back to the Millennials' childhoods. When they were kids growing up, the "financial upbringing" boys and girls received from mom and dad had slightly different focuses. Females received a more conservative message, one emphasizing "saving" rather than "investing."

Nearly seven out of 10 (67%) female Millennials, for example, said their parents encouraged them to "save" money, versus just 58% of males. Similarly, only 29% of females  surveyed said their parents "showed (them) ways to grow wealth." By contrast, 37% of males said their financial education was focused on wealth-building, the survey found.

Adam Shell | USA TODAY

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