Nearly 50% of Gen Z and millennials want crypto investments in their 401(k)s—here’s why it’s a risky move

Nearly 50% of Gen Z and millennials want crypto investments in their 401(k)s—here’s why it’s a risky move

If you’re dreaming of combining your cryptocurrency investments with your retirement savings, you’re not alone.

Nearly 50% of Gen Z and millennial employees wish they could invest in cryptocurrency via their 401(k) retirement plan, according to Charles Schwab’s “ 2022 401(k) Plan Participant Study ,” which surveyed 1,000 401(k) plan participants between the ages of 21 and 70 who work for companies with at least 25 employees and currently contribute to their company’s 401(k) plan.

“They are questioning traditional approaches to both work and retirement,” Catherine Golladay, head of Schwab workplace financial services, said in a press release . “The 401(k), […]

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