Though Millennials could bear the most risk in investment at their age, a survey by the Investment Company Institute reveals that fewer Gen Y investors are willing to take big financial risks, as compared to Gen X investors or their parents.

FORBES: Financial Insecurity Drives Millennials to Choose Renting

Unfortunately, not everything in life is planned for, and members of Gen Y who are ill-prepared for bumps in the financial road may experience long-term consequences.

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Apple just announced that it's sold 6.9 million of 'em during its financial fourth quarter, beating out the 6.1 million total first-gen iPhones sold in the previous five quarters -- and beating RIM's total sales this quarter, which Apple seems excited about.

ENGADGET: Apple Q408 results out: 6.9m iPhones sold, record Mac sales UPDATE: Steve answers analysts' questions

They lower the financial barrier to owning a console for many gamers, but they also allow console manufacturers to launch next-gen consoles at a lower, but still profitable, price point.

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As Gen X bears the brunt of the housing price slump, younger consumers are less likely to make the financial and emotional investment of homeownership.

FORBES: Financial Insecurity Drives Millennials to Choose Renting