According to a recent study, one in five U.S. residents between 27 and 42 is a crypto investor. Meanwhile, Americans over 43 are more skeptical of digital assets and prefer to invest in real estate and stocks.

One in Five U.S. Adults Owns Crypto

The Policygenius study found that Gen Z and millennials are the most active investors in the U.S. who prefer alternative assets such as cryptocurrencies and non-fungible tokens (NFT).

Thus, 20% of U.S. citizens between 18 and 26 (Gen Z) and 22% of Americans between the ages of 27 and 42 (millennials) own digital assets. The percentage of crypto investors among the baby boomer generation (over 59 years old) and Gen X (43 to 58 years old) is only 5% and 10%, respectively.

24% of millennials and 28% of Gen X invest in real estate, while only 13% of Gen Z choose this asset class. Older millennials are the most likely to invest in real estate, with 45% of baby boomers investing in real estate.

28% of U.S. adults are willing to invest in stocks. This asset class is most often chosen by baby boomers (33%), Gen X (27%), and millennials (27%). Among Americans under 26, only 18% invest in stocks.

Policygenius analysts noted that the younger generation of Americans are more likely to be willing to risk their savings than representatives of older generations. About 60% of Gen Z and millennials expressed their willingness to try various innovative ways of investing. At the same time, a third of the older generation is categorically against trying something new in this context.

Notably, about 9% of Gen Z and 8% of millennials said they get their financial information from social media. Americans over 43 express skepticism about such a source of information for investment decisions.

Policygenius surveyed 4,063 U.S. adult respondents between October 16 and October 19, 2023.

In 2022, about 13% of the U.S. population owned digital assets, with 57% of U.S. millennials choosing cryptocurrency as their first investment, viewing crypto-assets as an investment for a worry-free old age.

Author: Ana Bustos García
#Cryptocurrency #Finance #News