Gen Z four times more likely to hold crypto than a 401(K) account

Gen Z four times more likely to hold risky crypto than a 401(K) account | Daily Mail Online

Gen Z are four times more likely to own cryptocurrency assets than a traditional 401(k) account, a new study has found. 

dailymail.co.uk

Gen Z is diving headfirst into the world of cryptocurrency, with a new study revealing they're four times more likely to own crypto assets than a traditional 401(K) account. The YouGov report highlights that 42% of Gen Z investors hold crypto, compared to just 11% with retirement accounts. Millennials aren't far behind, with 36% owning crypto and 34% having a 401(K). This trend is part of a broader 'second wave' of crypto interest, as the asset class becomes more mainstream and accessible through apps like Robinhood and Coinbase. Despite financial planners advising caution, the allure of quick gains in crypto seems to be winning over the younger crowd, who often lack access to traditional retirement plans.