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Economists warn unaffordable housing is forcing young Americans to crypto
With house ownership becoming an increasingly distant dream, young Americans are turning to cryptocurrency. Gen Z is being blamed for being lazy at work, luxury spending, and a “Yolo” attitude to risky investments like cryptocurrencies and non-fungible tokens (NFTs). However, the youngsters have embraced these labels and their behavior can even be said to be rational due to worsening economic conditions, including housing becoming increasingly unaffordable. This is the finding of a recent Financial Times report by John Burn-Murdoch. Two economists, Seung Hyeong Lee at Northwestern University and Younggeun Yoo at ... (full story)
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From cnbc.com | Dec 1, 2025
Bitcoin and Ethereum fell on Monday, as the recent sell-off in cryptocurrencies resumed. Bitcoin tumbled sharply and was last seen about $86,273.68 at around 7:30 a.m. in London on Monday, a slide of about 5.5%. Ethereum dropped more than 6.5% in early trade, to reach $2831.95. Solana had fallen almost 7.7%, and was last seen at $126.75, while other ...
