Young investors see crypto as better alternative to US stocks, personal brands: BofA
A new study shows young investors are increasingly favoring crypto over traditional U.S. stocks, reflecting a generational divide in investment strategies.
As the first members of Generation X approach their 60th birthdays, a significant transfer of wealth is reshaping American investment preferences, with crypto emerging as a favored alternative among younger investors, according to Bank of America‘s latest study.
The findings reveal stark generational divides in attitudes toward investment opportunities, with younger affluent Americans increasingly leaning toward alternatives like crypto and private equity, while older generations remain committed to traditional equities.
In the 2024 Study of Wealthy Americans, BofA highlights…
