Survey: More than a quarter of U.S. millennials plan to use crypto to fund re...
The percentage was marginally higher than those who said they would rather use savings and stocks to meet the same ends. According to a recent survey published by Investopedia, 28% of the U.S. millennials polled said they expect to use cryptocurrency to support themselves in retirement — a figure that was higher than those who said they would use savings (25%) and stock investments (27%) to fund their retirement. Meanwhile, 20% of Gen X and 17% of Gen Z respondents said the same. The survey, conducted in the spirit of Financial Literacy Month, was administered to 4,000 U.S. adults ages 18....
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Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest obstacle to early retirement. Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab. Asking participants what they would like to see added to their 401(k) retirement products, the firm found that 46% of Gen Z and 45% of Millennials said they "wish" they could invest in cryptocurrencies as part of their retirement....
A new survey published by Goldman Sachs has found that just over half of US millennials believe they will never use bitcoin. Fifty-one percent of the 752 survey respondents said that they had never used bitcoin nor do they have any plans to do so. Twenty-two percent said they currently use it or have used it in the past, and intend to use it again. An additional 22% said that they have never used bitcoin before but plan on using the digital currency. Just 5% of respondents said they have used bitcoin but do not intend to use it again. The data forms part of a broader look at the financial....
The report titled “How Millennials See Their Financial Future” showed that 40% of millennial survey participants have invested in crypto. A report published by investing firm Alto surveyed adults based in the United States to find out their preferences in investing. The results showed that more millennials from ages 25 to 40 are investing in crypto compared to those of the same age who are investing in mutual funds. The survey shows that 40% of millennial participants have invested in cryptocurrencies. According to the report, this is “greater than the percentage of millennials who own....
In a recent survey conducted by Goldman Sachs, it was discovered that most millennials might not be too open about bitcoin developments. Among the 752 respondents in the survey, 51% indicated that they have never used bitcoin nor do they have any plans of doing so. Meanwhile, 22% said that they have used it in the past and will most likely use bitcoin again. Another 22% said that they have never tried using bitcoin before but they are open to using it. Lastly, 5% indicated that they have tried using bitcoin and have no plans of using it again. Concerns about Bitcoin. With plenty of other....
A new survey from one of the world’s leading financial advisory firms, advising on over $10 billion in client capital, claims that two-thirds of its millennial customers far prefer Bitcoin over precious metals as the ideal safe haven asset. And in 2020 as the world goes almost entirely digital, millennials are being proven right. Gold fund flows are pouring into crypto, and the difference in ROI is substantial. Here’s why this trend is only going […]