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Earlier quoted context omitted.
Translated: They did not experience a stock-market crash yet and the societal memory of risky behaviour resulting in a stock market crash fades.
Well, there haven't been real big, bad crashes in the living memory. And anyway, this isn't what investors are worried about - they are worried about protracted bear markets.
> For Gen Zs, there seems to be a correlation between gambling and investing—particularly, high-risk investing. In the United States, 61% of surveyed Gen Z investors said they gamble online or in person, compared with 29% of non-investors surveyed. Their propensity for gambling is also associated with riskier investments; 70% of US Gen Z investors who gamble frequently invest in crypto, and 38% invest in non-fungible…
Low end of bell curve: Invest in index funds
Hump of bell curve (midwits): STONKS!!!
High end of bell curve: Invest in index funds
Earlier quoted context omitted.
Well, there haven't been real big, bad crashes in the living memory. And anyway, this isn't what investors are worried about - they are worried about protracted bear markets.
Other than 2008, you mean?
Earlier quoted context omitted.
Well, there haven't been real big, bad crashes in the living memory. And anyway, this isn't what investors are worried about - they are worried about protracted bear markets.
Other than 2008, you mean?
Earlier quoted context omitted.
I'm saying the article is saying they need 3 million before entering retirement.
Yes, that's right. Assuming a typical lifespan, they will have 20 years left in ~40 years. Assuming a 2% inflation rate, $3 million in 40 years is equivalent to ~$600,000 today. A 60 year old holding $600,000 today does not seem like that high of a bar.
Earlier quoted context omitted.
I'm saying the article is saying they need 3 million before entering retirement.
Yes, that's right. Assuming a typical lifespan, they will have 20 years left in ~40 years. Assuming a 2% inflation rate, $3 million in 40 years is equivalent to ~$600,000 today. A 60 year old holding $600,000 today does not seem like that high of a bar.
Gen Z isn't 60 years old today. They don't have 600k, and for them, it is a high bar.
Earlier quoted context omitted.
The study said four in five gen z investors . I wonder how many of those gen z investors maybe bought a little crypto along the way when it was a fad.
Or got Robin Hood account and deposited minimum amount of money to speculate on whatever...
> For Gen Zs, there seems to be a correlation between gambling and investing—particularly, high-risk investing. In the United States, 61% of surveyed Gen Z investors said they gamble online or in person, compared with 29% of non-investors surveyed. Their propensity for gambling is also associated with riskier investments; 70% of US Gen Z investors who gamble frequently invest in crypto, and 38% invest in non-fungible…
Translated: They did not experience a stock-market crash yet and the societal memory of risky behaviour resulting in a stock market crash fades.
> Given that financial advisors say that Gen Z will need roughly $3 million for a 20-year retirement — a high bar even for smart money managers If we assume a 2% inflation rate going forward, that's only ~$600,000 in today's dollars. Seems like a relatively low bar, no?
They'll need the equivalent of today's $3 million in inflation-adjusted dollars for the time they retire.
What you're saying amounts to a Zimbabwean being able to retire with his lunch money AFTER the country got 1000x inflation and everybody had trillions in their pockets just to get some food for the day - based on the purchasing power of that amount before the inflation.