A recent survey indicates that cryptocurrencies are more popular among young Americans than stocks, reflecting a change in financial assets and investment approaches compared to older generations. The study, conducted from Oct. 16 to Oct. 19 and released by the Policygenius Financial Planning Survey on April 9, surveyed 4,063 adult participants in the U.S. Results showed that 20% of Gen Z (ages 18-26) and 22% of millennials (ages 27-42) are more inclined to invest in alternative assets like cryptocurrencies and NFTs than older age groups. Additionally, 18% of Gen Z own stocks, while 28% of Gen X and 45% of Baby Boomers do. The survey also revealed that young adults are more likely to seek financial advice on social media. These findings highlight the proactive financial management approach of younger generations, who are increasingly diversifying their investment portfolios with cryptocurrencies. Read more AI-generated news on: https://app.chaingpt.org/news
