Unable to afford a home, young people turn to crypto
Ask a recent college graduate how they plan to afford a home someday and many won’t say “save.” Instead, they’ll respond with “invest,” “work a second job,” or “start a side hustle.” Why? Many young adults no longer see a path to affording what 82 percent of Americans consider to be a core part of the American Dream: owning a home.
Over the past decade, the share of people under 25 with investment accounts has increased sixfold — but much of this activity doesn’t resemble what we usually think of as traditional investing. Two in 10 Gen Z investors invest only in crypto. Half of Gen Z and nearly half of millennial investors trade stocks weekly or even daily, chasing short-term market moves rather than making…
