A recent survey by Policygenius indicates that Gen Zers prefer owning cryptocurrency over stocks. The survey shows a shift in financial strategies among generations: 20% of young Americans own cryptocurrencies, which they invest in four times more often than older generations.
Regarding that, 20 percent of Gen aged 18-26 possess crypto assets, with just 18% owning shares, 13% owning real estate, and 11% holding bonds. In contrast to millennials aged 27-42, who saved 22% crypto, 27% in stock assets, and 24% in real estate cars, the more traditional investors prevailed.
The survey also underlined Generation Z’s role in NFTs, with 9% of its owners and 8% of millennials. But Gen Xers and Gen Zers marched straight to the top, with almost half of the Gen Zers owning crypto assets, while nearly two percent of the Baby Boomers did the same.
The generation gap extended to real estate investments as well. Among Gen Z and millennials combined, 21% owned crypto assets, while 20% owned real estate. However, older investors prioritized real estate, with 45% of old people investing in it.
The report suggests that housing shortages and high costs may contribute to the younger generation’s preference for alternative investments like crypto assets over traditional options like real estate.
Also read: Crypto Investment Products Gain $598M in 4th Weekly Inflow.
