Forex in this article
For the “How Millennials See Their Financial Future” report, 1,200 millennials were surveyed about their investments The result: Most would like to invest more in alternative forms of investment such as crypto, real estate and the like But it’s not easy – over half of millennials don’t know how to approach investing
39 percent of millennials (25 to 40 years old) are invested in crypto currencies such as Bitcoin & Co.A similar number (42 percent) own stocks, investment funds are significantly less popular.These are the results of a study by the investment company Alto: For the report “How Millennials See Their Financial Future” published in the first half of 2022 (German: “How Millennials see their financial future”), a total of 1,200 millennials in the USA were surveyed who already Have at least $2,500 invested and earn an annual household income of $35,000.
advertising
Trade Bitcoin and other cryptos with leverage (long and short)
Bitcoin and other cryptocurrencies have recently corrected significantly.Trade cryptos such as Bitcoin or Ethereum with leverage at Germany’s No.1 CFD provider and participate in rising and falling prices.Plus500: Please note the Hints 5 to this advertisement.Report: Alternative forms of investment must be more accessible
Although according to the study results, 89 percent of the millennials surveyed are considering investing in alternative forms of investment such as cryptocurrencies, real estate (77 percent), innovation funds (67 percent) or venture capital (55 percent), a full 56 percent do not know how to undertake such an investment.However, most of them (85 percent) would like to learn this – just eight percent of millennials with financial advisors said they were not interested in investing in crypto and the like.
That’s why Alto writes in the report: “The desire is there, but for it to be realized it is imperative that the topic of alternative investments becomes more accessible and understandable.” Crypto is becoming increasingly important for retirement planning
This is particularly relevant because cryptocurrencies and other alternative investments are playing an increasingly important role in retirement planning: a full 70 percent of those who own cryptocurrencies and have an IRA (Individual Retirement Account) have put some of their cryptos into the IRA.
At around 76 percent, a clear majority of millennials who invest in stocks fear that a crash will throw their savings into thin air.Only slightly fewer millennials (74 percent) consider investing in stocks to be as risky as gambling for the layman.
Millennials don’t have enough money to save for retirement
However, the 25 to 40-year-olds first have to have the means to provide for their pension.“In a world of perpetual consumption, rising living costs and mounting student loan debt, they find it difficult to invest in the future because they can hardly afford the present.”
In addition, as with salaries, there is also a gender gap in the area of alternative investments: while 39 percent of male millennials stated that they would in all probability be able to retire at their desired age, only 13 percent of women confirmed this.Likewise, 38 percent of men assume that thanks to their investments they will have sufficient financial resources in their retirement, which only 15 percent of women confirmed.And while 28 percent of men have assets worth more than $250,000, only 17 percent of women can say the same about themselves.Cryptocurrencies are gaining popularity faster than the internet
All in all, however, according to a report by Blockware Intelligence, cryptocurrencies have become much more popular faster than other innovations – such as cars, electricity, cell phones or the Internet – have been the case.According to the report, “All breakthrough technologies follow a similar exponential S-curve pattern [] Newer, network-based technologies continue to be adopted much faster than the market would expect.” This could play into the hands of millennials already invested in cryptocurrencies – because the greater the demand, the more expensive the commodity, and the more value the investments of the younger generation gain .
Editorial office finanzen.net .
