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- Young consumers’ hearts and wallets are being won over by products and services that are poised for a decade of hypergrowth
- John F. Kennedy once remarked that children are the world’s most valuable resource
- In 2015, Generation Z – roughly defined as everyone born after 1996, or those aged 25 and under – made up only 4% of the worldwide workforce
The future belongs to the children. Throughout human history, many great leaders have reminded us of this. Children, according to John F. Kennedy, are the world’s most valuable resource. The children, according to Nelson Mandela, are the rock on which our future will be built, and the greatest asset as a nation. Young people are the future and they prefer to invest in the future as hyper growth investors.
Investing in Young Minds
Investing in the future, then, involves investing in young people, according to the transitive property. That sounds like it came straight from a Hallmark card. Yes, it’s corny, but it’s the truth. So, what exactly does that imply? It means that if you want to make big money investing in hyper growth megatrends, you need to buy and do what the youth do. What’s more, guess what? Those young people will soon become the world’s economic heartbeat. Over the next 20 years, more than 80 million baby boomers will file for retirement benefits, equating to 10,000 people per day.
Baby boomers, once the backbone of the workforce, will see their numbers drop from 31% in 2015 to only 8% in 2030. Who is going to take their place? Of course, it’s the kids. In 2015, Generation Z – roughly defined as everyone born after 1996, or those aged 25 and under – made up only 4% of the worldwide workforce. By 2030, that percentage is predicted to grow to 22%… By 2040, it’ll most certainly be 40% or higher.
More Gen Zers finding employment equals more Gen Zers getting paid more money. Generation Z’s direct purchasing power is expected to expand 400 percent over the next decade to $33 TRILLION, accounting for more than a quarter of global purchasing power by 2030, according to Bank of America. This seismic demographic shift in spending power and economic impact is summarised by Bank of America as follows: The Gen Z revolution is underway, as the first generation born in an online world enters the workforce, forcing earlier generations to adapt to them rather than the other way around.
The Generation Z uprising
That has a nice ring to it because that is exactly what is going on. It’s a worldwide economic revolution in which the world’s purchasing power is shifting from older to younger people. These younger customers’ hearts (and wallets) are being won by products and services that are poised for a decade of hypergrowth ahead.
So, what are Gen Z’s favorite products and services? They despise traditional television and adore streaming services (only 1 in 4 Gen Z consumers watches broadcast TV). They adore the natural world. Approximately 75% prefer to shop online. They despise cash and, on average, use a mobile digital payment platform. They prefer eSports to the NBA, NFL, and MLB as a sport to watch. They enjoy traveling but do not drive frequently (thanks, Uber). And 40% of them prefer to communicate virtually.
And here’s possibly the most crucial Gen-Z fact: They are huge fans of Bitcoin. Cryptocurrencies are held by nearly half of Generation Z investors. Approximately half of all young millionaires have at least 25% of their wealth invested in cryptocurrency. Approximately 40% of individuals who aren’t already involved in cryptos are either somewhat or highly interested in doing so. Non-fungible tokens are also popular among youthful investors, with over 40% of them investing in them (NFTs). Perhaps most crucially, over 60% of young investors believe that within the next decade, the majority of people will be utilizing Bitcoin.
Cryptos are extremely popular among teenagers. Why shouldn’t they? After all, this is the generation that was in middle and high school when the Great Recession of 2008 occurred. Many witnessed their parents lose their jobs and houses, and they have faced years of economic misery, all because of greedy, untrustworthy major banks that were bailed out.
But what is the point of it all?
Because, as previously said, these young people will inherit the whole world’s purchasing power over the following two decades. You can bet that a large portion of those monies will be converted to cryptos and that the Crypto Revolution will become popular. As a result, cryptocurrency values will surge.
That’s why, on Wednesday night at 7 p.m. Eastern, I’ll be hosting our first-ever Crypto Code Event with my colleague and famed Bitcoin investor Charlie Shrem, where we’ll explain our patented system for choosing the top cryptos in the market.
Because on Wednesday, at 7 p.m. Eastern, I’ll be hosting our first-ever Crypto Code Event with my colleague, good friend, and famed Bitcoin investor Charlie Shrem, where we’ll tell you everything about our patented system for choosing the greatest cryptos in the market. This event boils down to two points: cryptos will reshape the world, and 99 percent of cryptos on the market are terrible investments.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
