Policygenius Survey Reveals Gen Z’s Crypto Preference Over Stocks
Gen Zers are showing a preference for cryptocurrency over stocks, according to a recent Policygenius survey.
Released on Tuesday, the survey found that 20% of Gen Zers own cryptocurrency, compared to only 18% who own stocks. Conducted by YouGov, the survey polled 4,063 Americans aged 18 or older. Myles Ma, a certified personal finance counselor at Policygenius, suggests that younger generations are more open to novel investments like cryptocurrency.
Additionally, a survey by the Financial Industry Regulatory Authority Foundation and the CFA Institute found that 56% of Gen Zers hold investments, with 55% owning cryptocurrency and 41% holding individual stocks. The survey also reveals that younger generations are as likely or more likely to own cryptocurrency as they are to own real estate. However, challenges in the housing market, such as high interest rates and low inventory, are making homeownership increasingly difficult in the U.S.
Clever Robot News Desk 14th April 2024
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