Topic: Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey - page 2. (Read 215 times)

Too risky proposition! Retirement fund needs to be stable in return and appreciation. It must not be a rollercoaster ride. I understand that millennials and Gen Z are willing to take risk but that risk appetite will decrease with the growing age. What rollercoaster ride seems to be enjoyable now, might become scary later.

So my take is that, bitcoin must not be a part of pension fund at all. If people want, they can invest by themselves and build a portfolio over a period of time.

Gen Z generations are more technological inclined than other generations. They understand the benefits of Bitcoin and how it can be used profitably. Inculcating cryptocurrecies to retirement schemes is not a bad idea at all especially if it is Bitcoin. Most country's currencies have lost almost more than half of their value and there is no hope or prediction that it would regain it's value in the future. Bitcoin might be volatile but there are reliable predictions that it's price would pick-up in the future and this has proved to be true over the years. I would prefer to have my retirement benefits tied to Bitcoin than our local currency because inflation has really destroyed our currency's value.

Crypto? it's a bad idea if they're want crypto in their retirement funds because crypto is high volatility and they might choose a shitcoins which the value will decrease in the future. If they want to receive Bitcoin in their retirement funds, then it's a good idea since Bitcoin price will increase if you hold for long time. I think those Gen Z still don't know if their health when they get older are getting weak and increase the risk of heart attack incase the market goes down.

Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab.

Asking participants what they would like to see added to their 401(k) retirement products, the firm found that 46% of Gen Z and 45% of Millennials said they "wish" they could invest in cryptocurrencies as part of their retirement planning.

It shouldn't come as a surprise, as the survey also found that 43% of Gen Z and 47% of Millennials are investing in cryptocurrencies outside their 401(k) already, which could suggest the group's affinity for the asset class.

The asset manager surveyed 1,100 401(k) retirement plan participants aged between 21 to 70 to complete the 10-minute survey conducted between Apr. 4 and Apr. 19, 2022.

Participants of the survey needed to have worked for a company with 25 or more employees and be current contributors to their company's 401(k) plans.

Millennials generally refer to those born in the early 1980s to mid-1990s, with Gen Z generally born between the mid to late 1990s to the early 2010s.

The results are in stark contrast to the surveyed Gen X and Boomers — those born anywhere between the mid-1940s to late 1970s — with just 31% and 11% respectively wanting to invest in cryptocurrencies through their 401(k), and even less being current investors in the asset class.

Across the board, inflation was seen as the leading obstacle to retirement.

(Source: Cointelegraph)