Economist: Study Shows Housing Crisis Is Driving Gen Z in the U.S. Toward Crypto Investments and Economic Nihilism According to the Financial Times, research published by economists from the University of Chicago and Northwestern University in Illinois reveals that young people facing the impossibility of buying a home are more inclined to invest in high-risk financial assets like cryptocurrency. Researchers Seung Hyeong Lee and Younggeun Yoo analyzed data on Americans' credit card transactions, wealth, and attitudes, finding that young adults with little realistic chance of purchasing a home are more likely to reduce work effort, increase leisure spending, and invest in risky assets, including cryptocurrency. In contrast, those who are likely to achieve homeownership in the medium term or already own homes tend to take fewer risks and work harder. The study also found that as housing affordability worsens, individuals who feel locked out of homeownership adopt a mixed strategy of high-risk bets and "economic nihilism." https://www.(techflowpost.com)/newsletter/detail_106826.html