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The average age for Generation Z in the United States to start accumulating wealth is 19, with nearly half paying more attention to cryptocurrency

The 2026 Wealth Survey by U.S. Bank shows that the average American Generation Z starts accumulating wealth at 19 years old, significantly earlier than previous generations. The survey covered 5,000 American adults aged 18 and older. Generation Z consciously begins to build wealth on average at 19, including investing, saving for retirement, or long-term savings, which is 6 years earlier than the average age of 25 for Millennials, 10 years earlier than 29 for Generation X, and 13 years earlier than 32 for Baby Boomers.Despite starting earlier, 56% of Generation Z believe they are doing everything right but have not achieved their expected financial situation, 62% report difficulty in making financial progress, and 49% have paused or plan to pause their investments. 62% of Generation Z and 61% of Millennials believe that the stock market is a more realistic path to wealth than buying a home, with the percentages for Generation X and Baby Boomers being 51% and 45%, respectively. About 47% of Generation Z obtain financial information through social media, and nearly half of young people are more interested in emerging options like cryptocurrency, but most still believe that traditional investments are the best way to achieve long-term goals. About 70% of parents have provided or plan to provide assistance for their children's significant milestones.

first_img Binance launched wealth management services, listing 11 U.S.-listed ETFs

Cryptocurrency exchange Binance has launched a wealth management service, providing users access to 11 U.S.-listed exchange-traded funds (ETFs) that focus on short-term U.S. Treasury bonds and investment-grade bonds. The new Binance Earn product categorizes the ETFs into three types based on investment duration (ranging from less than six months to over a year): cash management, stable income, and enhanced yield.Users can browse available ETFs and place orders through Binance Earn, with the purchasing process completed via the exchange's stock trading service. Binance states that investors can receive economic benefits from the stocks, including price fluctuations and cash dividends. Unlike tokenized stocks, users purchase actual ETF shares through this service. Binance provides the interface, while Nest Trading routes orders to Alpaca Securities for trade execution and securities custody.This wealth management service is Binance's latest initiative to expand its traditional financial business. Earlier this month, the exchange added physical delivery options for over 1,000 U.S. stocks and ETFs, with its existing stock products already covering more than 7,000 stocks and ETFs. A survey by PwC last year showed that over 80% of respondents believe tokenization will enhance the global coverage and 24/7 accessibility of the ETF market within the next three years.
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