Gen Z's Gamble on Sports Betting: A Bet Against Financial Literacy? The NFL season is approaching, and a disturbing trend among Gen Z investors has come to light.
According to Betterment's Retail Investor Survey, 26% of this age group now prefers sports betting as their primary plan for building wealth.
This shift towards treating sportsbooks like brokerages raises concerns about the financial literacy and decision making abilities of young investors.