Investing is one of the most important ways to protect your own future regardless of your personal savings and investment goals. A diversified investment strategy helps you guard against inflation, set aside funds for your own future, and have the opportunity to make decisions in the future about whether or not to continue working.
Not all generations invest equally, however. Each generation generally takes their own approach toward savings for the future, and new studies are looking at some of the youngest investors on the market to learn more about their habits and perspectives.
A recent study by Go Banking Rates shows that Gen Z is investing their money at higher rates than millennials. In fact, Gen Z invests in percentages that are nearly aligned with the rates of middle-aged adults 45 to 54. Gen Z is also more likely to invest their money than Americans above age 55. Over 1000 American adults were surveyed for this recent study but identified that just over 43% of Gen Z young adults are not yet investing.
Only 11% of those who are actively investing will place their money into cryptocurrency. In total, 22% of them invest in the stock market, and nearly 16% of them invest in 401(k)s, mutual funds or IRAs. The biggest group, slightly over 24%, invests in real estate. If you’re curious about diversifying your portfolio and ensuring that you have considered all of the most important issues associated with your financial future, set aside time to meet with our qualified and dedicated team.
Our team will work with you to determine your short-term and long-term goals to align your strategies with the right planning.