important read on younger people’s active stock-trading habits
A recent study published by the Institute for Family Studies has found that one-quarter of men aged 18-29 in the United States trade stocks daily, and 64% of these young men report feeling like failures. This correlation in feelings of demoralization between retail stock trading and young men is similar to the outcomes found among men who engage in gambling activities.
The study, which surveyed 2,000 men, also discovered that daily fantasy sports and pornography use were similarly correlated with feelings of failure. Experts warn that the struggles of young men, including issues with education and employment, have led to a growing concern about their financial health, mental well-being, and engagement in risky financial behaviors.
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