Research conducted by CNBC and Acorns in partnership with Momentive finds new investors are much more likely to use mobile trading platforms to access markets, get investment ideas from social media and own cryptocurrencies
ENGLEWOOD CLIFFS, N.J. and SAN MATEO, CA, August 23, 2021 – CNBC, First in Business Worldwide, and Acorns, the country’s fastest growing financial wellness system, today announced the results of the Invest in You Next Gen Survey. The national survey, conducted in partnership with Momentive (formerly SurveyMonkey), a leader in agile experience management, examined the investing behavior of more than 5,500 Americans ages 18 and up.
According to the findings, nearly half of Americans (45%) invest in stocks, mutual funds, bonds, cryptocurrencies or ETFs. About a quarter of those investors (26%) say they became investors in 2020 or later.
The attitudes and behaviors of this new class of investors is starkly different from those who began investing in 2019 or earlier. New investors are three times more likely than experienced investors to use a mobile trading platform to access the markets, more than twice as likely to get their investment ideas from social media and more than twice as likely to own cryptocurrencies.
Many of these new investors are younger adults. Overall, 37% of 18 to 34-year-old respondents say they are investors, three-fifths of whom began investing in 2020 or 2021. When asked why they became investors, more than a quarter (27%) of 18 to...
Read Full Story: https://www.cnbc.com/2021/08/23/invest-in-you-next-gen-survey-finds-behaviors-of-new-investors-are-vastly-different-from-experienced-investors.html
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