Gen Z is feeling pressured into investing early. A recent survey from the CFA Institute and the Financial Industry Regulatory Authority Investor Education Foundation concluded that over 40% of Gen Z investors in the U.S., U.K., and Canada dive into the stock market due to “FOMO or a fear of missing out.” In the U.S. alone, around 25% of this gen starts investing before they turn 18-years-old, mostly in cryptocurrency and individual stocks. The factors behind their “FOMO” stems from Gen Z simultaneously wanting to be financially prepared for the long-term future and wanting to travel and have some extra pocket cash. YPulse research shows that over a quarter of Gen Z have more than one stream of income and their top mode of making more is through investing in the stock market. (Business Insider)
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