Young Americans own cryptocurrencies at a rate close to homeownership
According to Blockworks, a newly released survey by Policygenius shows that young Americans are almost as likely to own cryptocurrencies as they are to own real estate. The survey shows that 21% of millennials and Generation Z surveyed in October last year may own cryptocurrencies, while the proportion of owning real estate is 20%. In the past few years, the real estate market has been a difficult market for younger generations to enter, as soaring interest rates and median house prices have made the American dream of buying a house less realistic. The survey also found that Generation Z is more likely to own cryptocurrencies than stocks, with only 18% of young people owning the latter. Policygenius said that one in five Americans under the age of 42 owns cryptocurrencies. In the survey, only a few people own NFTs, with 9% of Generation Z owning NFTs, followed by millennials at 8%. Only 4% of Gen X hold NFTs, higher than 1% of boomers. This survey, commissioned by Policygenius and conducted by YouGov, surveyed 4,000 Americans aged 18 or above.