Some Americans are GAMBLING in markets more than EVER:
~30% of both Gen Z and Millennials are currently invested in or considering cryptocurrencies, more than 3 TIMES the share among Boomers.
Meme stocks show a similar pattern, with ~14% of Gen Z and ~13% of Millennials engaged or considering them, compared to just ~3% of Boomers.
Most strikingly, 80% of Gen Z and 75% of Millennials say they are drawn to these speculative bets because they feel financially behind, believing high-risk assets offer a faster path to their goals than traditional investing.
Meanwhile, the share of US stock trading volume from retail investors has DOUBLED over the past 15 years, and they now account for a record 20-25% of the total market volume.
Gambling will not build lasting wealth. Patient, disciplined investing will.