New survey shows Americans are not drifting toward crypto just because they want to get rich fast. Many are moving there because the old path to financial security feels slower, weaker, and further out of reach.

Northwestern Mutual’s new study found that many Americans using or considering speculative assets such as crypto, prediction markets, and sports betting say they are doing so because they feel financially behind.  

Less than 40% of Gen Z Americans Feel Financially Secure. Source: Northwestern Mutual

New Age of Financial Nihilism and Depression for Gen Z Americans

Among those considering these instruments, 73% said they believe high-risk assets offer a faster path to their goals than traditional methods. 

For Gen Z, that rises to…