Gen Z is using sports betting as part of their long-term financial plan.

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20 segments

0:00

study that Betterment came out with. It

0:02

said that about 26% of Gen Z investors

0:06

use sports betting as part of their

0:08

investment. Their asset allocation, part

0:11

of it is sports betting. And I I don't

0:13

know if they put prediction markets into

0:15

this, too. I imagine they did. That is a

0:17

shocking, shocking number that you would

0:21

deploy some of your capital instead of

0:24

putting it in the market. 100% Look, I

0:26

think that this is a sign of the times

0:28

of how

0:29

the younger generations also see how am

0:31

I going to build wealth? And this is a

0:34

way to do it. That's moonshot. When

0:36

you're looking at the price of taking

0:38

somebody out to dinner, you're saying to

0:40

yourself, how is my salary going to keep

0:42

up with this this pace of living? It

0:45

can't. So, what do you do? You bet.

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A recent Betterment study reveals that 26% of Gen Z investors allocate a portion of their capital to sports betting as part of their investment strategy. This behavior is interpreted as a reaction to economic pressures and the difficulty young people face in building wealth through traditional markets.