I tried to google this, but couldn't really find much: lots of young people hold crypto, but what is their slice of the pie in terms of amount held? A Lambo seems like something they'd buy after avocados and houses. I keep seeing links saying stuff like 30% of millennials will be invested in cypto Soon, but apparently we're still killing homeownership.
Got on a plane this morning. I don't usually fly American so I had to use the steerage security lines with the unwashed masses. Three friendly kids in front of me were discussing the white papers they were going to read on the plane because they'd read on Reddit that Tron was totally killin' it. You can joke about Lambos. You can dream about Lambos. You can't say "I hope I do well enough with this purely speculative investment to pay down my student loans" because then you aren't a baller. I don't know what percentage of people under 30 own crypto. I don't know how you'd find that information. I can tell you what percentage of people under 30 talk crypto. Old fucks like me were trained that the way you make money is by giving it to some fuckin' mutual fund. Young fucks like you were never given exposure to mutual funds. The economically disadvantaged are much more likely to buy lottery tickets.
You're making me feel really shitty about some recent financial decisions that felt like good ones. It sucks to feel like if you can't invest in real estate you basically aren't investing.The economically disadvantaged are much more likely to buy lottery tickets.
Regardless of your trust or distrust of Quartz as a credible news source, go google "luxury retail sales" as a news result and find me evidence of a drop. My point was not that millennials are buying lamborghinis (they are) but that the BBC is full of shit (they are).