Young Americans Embrace Crypto Investments: Survey
A recent PolicyGenius survey conducted on April 9 revealed that over 20% of young adults in the United States are crypto owners, demonstrating a fourfold increase in crypto investments compared to older generations.
The survey indicated that Gen Z, aged 18 to 26, exhibited the strongest inclination towards crypto investments, with 20% owning crypto assets, surpassing ownership rates of stocks (18%), real estate (13%), and bonds (11%) within the same age group.
Similarly, millennials, aged 27 to 42, showed a slightly higher propensity for crypto ownership compared to Gen Z, with 22% investing in crypto. However, crypto ownership among millennials did not surpass traditional investment rates, as 27% were invested in stocks and 24% in real estate, while only 16% invested in bonds.
Moreover, the survey highlighted a notable interest in NFTs among younger generations, with 9% of Gen Z and 8% of millennials reported owning NFTs.
READ MORE: Deutsche Bank Survey: Majority See Crypto as Integral to Financial System
In contrast, older generations demonstrated significantly lower rates of crypto ownership, with only 10% of Gen X respondents and 5% of boomers owning crypto assets. Real estate investment rates also showed a generational divide, with 45% of boomers investing in real estate compared to 20% of younger generations.
The report suggests that factors like housing shortages and high housing costs may contribute to younger individuals’ preference for alternative investments like crypto.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
