Almost Half of Gen Z and Millennials Plan to Use Crypto in Pension Funds

The Charles Schwab financial services company ran a new survey in the U.S. concerning crypto and retirement funds. The survey showed that 46% of all Gen Z members and 45% of millennials want to see crypto investments as part of their 401(k) retirement plans.

In addition, 43% of Gen Z members and 47% of millennials are already using crypto. These percentages contrast with those of the boomer and Gen X population – only 11% and 31% of them, respectively, want to have crypto in their retirement funds.

Speaking of contrasts, Investopedia’s survey published in April this year met different results. According to that survey, only 17% of Gen Z and 28% of millennials wish to utilize crypto after retiring. Regardless of the exact numbers, crypto volatility is likely a significant drawback. For instance, the CDPQ retirement fund in Canada lost most of the $151 million it held after investing in the now-bankrupt lending platform, Celsius, earlier this year.