Gen Z Rejects Traditional Investments: 20% of Young Americans Turn to Crypto

Crypto News– According to a recent survey conducted by PolicyGenius on April 9, it was revealed that more than one-fifth of young individuals in the United States have invested in cryptocurrency. The study indicated a significant generational gap in investment preferences, with younger generations showing a greater inclination towards crypto compared to their older counterparts.

Gen Z Rejects Traditional Investments: 20% of Young Americans Turn to Crypto

Among those surveyed, individuals belonging to Generation Z, aged between 18 to 26, exhibited the strongest preference for cryptocurrency over traditional investment avenues. Notably, 20% of Gen Z respondents reported owning crypto, whereas ownership rates for stocks, real estate, and bonds stood at 18%, 13%, and 11%, respectively.

Millennials, aged 27 to 42, demonstrated a slightly higher rate of crypto ownership compared to Gen Z respondents, with 22% indicating possession of cryptocurrency assets. However, it’s worth mentioning that millennials did not surpass traditional investment rates, with 27% invested in stocks and 24% in real estate. Bonds appeared to be less popular among millennials, with only 16% opting for this investment option.

Furthermore, the survey highlighted an emerging trend in the ownership of non-fungible tokens (NFTs) among younger generations. Specifically, 9% of Gen Z respondents reported owning NFTs, slightly edging out the 8% ownership rate among millennials.

The Inter-Generational Investment Gap

While every generation shows some level of interest in cryptocurrency investments, the variations between age groups are strikingly apparent.

According to findings from PolicyGenius, older generations tend to have notably lower rates of crypto ownership. For instance, among Gen X respondents, only 10% reported owning cryptocurrency, with a mere 4% holding non-fungible tokens (NFTs). Similarly, the proportion of boomers who own crypto is even lower, standing at just 5%, with a mere 1% possessing NFTs.

The inter-generational divergence is also noticeable in real estate investment trends. While 21% of respondents from Gen Z and millennials collectively own cryptocurrency, a comparable 20% are invested in real estate. However, it’s worth noting that older investors exhibit significantly higher rates of real estate investment, with 45% of boomers participating in this category.