Generation Z and millennials choose crypto over stocks — Report

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Data shows “younger generations store their wealth differently than their Gen X and boomer counterparts.”

A new survey suggests that young Americans are more likely to own cryptocurrencies than stocks, signaling a shift in financial assets and investment strategies from those preferred by older generations.by the Policygenius Financial Planning Survey on April 9, featured 4,063 adult respondents in the United States.

In addition, 9% of Gen Z and 8% of millennials said they are likely to turn to social media first with a financial question, compared to Gen X and baby boomers .Beyond crypto specifics, the survey highlights the financial attitudes of young investors. Despite the complexities of navigating modern financial landscapes, these Gen Zers and Millennials feel “somewhat proud” of their financial management skills.

 

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