The Bank of America Private Bank recently conducted a survey on the rich in the United States, and the results show that the young generation of the rich in the United States is very different from the previous generation.
The rich over 44 years old mainly invest in the traditional American stock and bond market.
Millennials and Generation Z millionaires are more diversified.
The study found that among young high net worth investors:
-47% of their portfolios are stocks and bonds, which is far lower than that of investors over 44 years old (74%).
-17% of their portfolio is allocated to alternative investments, while the proportion of old investors is only 5%. Most (93%) said they planned to allocate more funds to alternative investments in the next few years.
-Nearly half (49%) of people own cryptocurrency, and another 38% are interested in owning cryptocurrency. They listed cryptocurrency as one of the areas with the greatest growth potential, second only to real estate investment.
-45% of the rich have physical gold as an asset, and the other 45% are interested in owning it. Overall, 41% of the rich people own (18%) or are interested in buying (23%) physical gold.