From Axios comes the following, young Americans are increasingly planning for retirement by investing in the stock market while putting off homeownership on hold. Young Americans think that home ownership is out of reach. Putting all you financial eggs in the stock market is a rather risky adventure.
For decades, owning a home has helped Americans build their nest eggs.
A generation putting all its eggs into stocks without having weathered a prolonged market slump may be in for a surprise.
The meme stock craze of 2020 caused a "generational shift in how people think about building wealth," Kevin Gordon, macro strategist at Charles Schwab.
That means stocks, but Gen Z hasn't experienced a "protracted and more painful bear market" like older investors have, he says.