A couple of weeks ago, we saw another conclusion base on a customer survey from deVere being extrapolated over an entire population of Millionaires (see
re: Millionaires FOMO: 73% Will Own Bitcoin by 2022, Survey ).
The
deVere survey on Milennials focuses on over 700 millennial
clients, as per their own wording. That means that, if the survey group is well selected and distributed, the conclusion may be right in the context of their own customers, and perhaps that of customers of similar corporations.
What would be interesting is to perform a street level survey in different whereabouts, and then compare the results, as well as seeing the amount who answer that they havent got a clue. Customers of a financial consultancy such as deVere are going to be more alike and investment versed than a similar group randomly chosen at street level, thus what the survey concludes may not be applicable to the general millennial population.