The new Policygenius 2024 Finanical Planning Survey revealed that millennials and Gen Z has a lot of financial catching up do do – they own 74 cents for every $1 of wealth that baby boomers owned at the same age.

Other key findings:

Gen Z is more likely to own crypto (20%) than stocks (18%).

Gen Z and millennials are more than four times as likely to turn to social media for financial advice (8%) compared to Gen X and baby boomers (2%).

Also, millennials and zoomers are trying to „hack“ personal finance, with „infinite banking“, day trading, maximizing credit card rewards and extreme couponing.

I guess Blackrock is right on track with bitcoin spot ETFs and tokenization.