Gen Z and Millennial investors are trading more during the pandemic, and taking risks. Some young consumers’ finances have actually improved post-COVID, and investing has been taking off during this time. According to an E-Trade study, young people 34-years-old and under have increased their trading during the pandemic at a higher rate than the broader population. Forty-six percent of Gen Z and Millennial investors say they traded derivatives more frequently during this period compared to just 22% of the general population. “Risky assets” have seen volumes spike as these young traders capitalize on “strong volatility and slashed fees.” (Business Insider, Bloomberg)
