Millennials Are Buying Cryptocurrencies to Save For Retirement

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Among millennials, the cryptocurrencies investment trend is gaining momentum for retirement purposes. Moreover, as tech-savvy millennials are shunning traditional banking methods, innovative startups are creating new retirement solutions powered by blockchain and artificial intelligence technologies.
Millennials Are Reshaping the Retirement Planning Industry

Most millennials, people born between 1981 and 1996, are not saving for retirement. For example, in February 2018, the National Institute on Retirement Security released a study, which concluded that “95 percent of millennials are not saving adequately for retirement.” Then there’s the fact that over 66 percent of working millennials have nothing saved for retirement.


However, a growing number of millennials are investing in cryptocurrencies. For 21.2 percent of college students, the urge to buy cryptocurrencies even involves using their financial aid money, concluded a survey conducted by The Student Report. Rachel Wolfson writes on Bloomberg:



    Interestingly enough though, one of the main reasons millennials are investing in cryptocurrencies is to save for retirement funds.

Indeed, millennials are attracted to technology and cryptocurrencies. According to a survey conducted by CREALOGIX, millennials are increasingly turning to cryptocurrencies, while rejecting traditional methods of banking and payment.



Read more:
http://bitcoinist.com/millennials-are-buying-cryptocurrencies-to-save-for-retirement/