According to Policygenius research, Gen Z is more likely to own cryptocurrencies than stocks because they take a different approach to financial planning than previous generations.
By 2024, approximately 18% of Gen Z will own stocks and 20% will own cryptocurrencies. Policygenius Financial Planning Survey It was released on Tuesday. For reference, 33% of Boomers own stocks and only 5% own cryptocurrencies.
YouGov conducted a survey of 4,063 Americans ages 18 and older on behalf of Policygenius in mid-October. According to Policygenius, the average margin of error was +/-2%.
“Younger generations store their wealth differently than Gen You may, Myles Ma, a certified personal finance counselor at insurance platform Policygenius, said in a statement.
The Financial Industry Supervisory Service Foundation and the CFA Institute also reached a similar conclusion in May last year. About 56% of Gen Z own some investments, with about 55% owning cryptocurrencies and 41% owning individual stocks. inspection.
real estate
Younger generations are just as likely to own cryptocurrency as they are to own real estate, the survey found. According to the survey, 13% of Gen Z and 24% of Millennials own real estate, as do 45% of Baby Boomers.
Due to high interest rates and low inventory difficult Help with buying a home in the U.S., according to the U.S. Government Accountability Office. Buying real estate can help you build wealth, but it’s becoming less and less common. available Over the years.
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About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. Sarah was previously a reporter writing about securities regulation at CQ Legal, where she first began her reporting on cryptocurrencies. She Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and she is an avid coffee lover. You can follow her on Twitter @ForTheWynn.