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“Young Americans are open to a range of speculative forms of investing, from the stock market to cryptocurrency to video game skins. Many in this generation have disposable income, but not so much that they see a realistic possibility of saving up to buy a home, start a business, or pay off their student loans. So they gamble instead, whether on March Madness or meme stocks, hoping to multiply their money many times over.” — Jonathan D. Cohen
Young Americans are open to a range of speculative forms of investing, from the stock market to cryptocurrency to video game skins. Many in this generation have disposable income, but not so much that they see a realistic possibility of saving up to buy a home, start a business, or pay off their student loans. So they gamble instead, whether on March Madness or meme stocks, hoping to multiply their money many times over.