A new Bank of America survey of 5,000 U.S. adults reveals that Gen Z and millennials are shifting away from traditional wealth-building strategies, with 62% of Gen Z and 61% of millennials viewing the stock market as a more realistic path to wealth than homeownership. Nearly half of these younger demographics find alternative investments like cryptocurrency more attractive than traditional options, though 76% to 79% still consider conventional assets the best route for long-term goals.
Despite the appeal of digital assets, trust in cryptocurrency is waning among young investors. Over the past year, 30% of Gen Z and 28% of millennials reported declining confidence in crypto, while trust in stocks rose for 33% and 29% of these groups respectively, indicating a complex relationship between emerging asset classes and traditional equities.
Bank of America Survey: Young Americans Favor Stocks Over Housing, Split on Crypto Appeal
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
