📈 Millennials and Gen Z Favor CRYPTO ✅ Over STOCKS 🚫🚀

A recent study suggests a significant shift in investment preferences among young Americans, with cryptocurrencies taking center stage over traditional stocks.

According to the Policygenius Financial Planning Survey conducted from Oct. 16 to Oct. 19, involving 4,063 U.S. adults, 20% of Gen Z (ages 18-26) and 22% of millennials (ages 27-42) are more inclined toward alternative assets like cryptocurrencies and NFTs compared to older generations.

Interestingly, only 18% of Gen Z respondents reported owning stocks, contrasting with 28% of Gen X and 45% of Baby Boomers.

Policygenius analyst Myles Ma noted, "Younger generations are embracing novel investments like cryptocurrency, indicating a greater willingness to take risks with their money."

Moreover, the survey found that 9% of Gen Z and 8% of millennials are likely to seek financial advice via social media, highlighting their unique approach to financial decision-making.

This trend aligns with previous studies showing high crypto adoption rates among younger demographics. A Bitget study in April 2023 revealed that 46% of millennials across major economies own cryptocurrencies.

Similarly, a Charles Schwab survey in October 2022 found that half of Gen Z and millennials prefer digital assets for their retirement funds, with a significant portion already investing in crypto outside traditional retirement accounts.

These findings underscore a generational shift toward cryptocurrency investments, reflecting younger investors' desire for financial independence and proactive engagement with emerging financial trends. 🌟💼

If that's not a bullish signal, I don't know what is!

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Source: Cointelegraph - "Generation Z and millennials choose crypto over stocks — Report"

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