Gen Z and Millennials are getting into investing early. As of last May, the number of 26-year-olds who moved money into investment accounts after turning 22 reached 40%, according to the JPMorgan Chase Institute. In 2015, that number was just 8%. According to another 2024 World Economic Forum survey, 30% of Gen Z said they began investing in early adulthood even before entering the workforce—compared to only 6% of Baby Boomers who did the same. These early investment habits might be because Gen Z has grown increasingly disillusioned with the economy and traditional financial safety methods. Plus, there are almost 6B app-based investment platforms for users to choose from, making nontraditional and riskier investments like crypto and prediction markets more normalized and appealing. (Morning Brew)
👀 Read more from YPulse: Gen Z Is Investing In Crypto As Much As Stocks
