The Times reports that the “avocado generation” will be thriving. In the article published on Wednesday and titled “Millennials set to become ‘richest generation in history,’” David Byers says that “The cohort struggling to afford their own homes have bright futures to look forward to with the transfer of wealth from older relatives.” The article suggests that a forthcoming transfer of wealth from older generations (Baby Boomers and Gen X) to the Net Generation, driven by property equity, is poised to make them the richest generation in history. This “inheritance” transfer, expected in the next two decades, will likely see many millennials achieving their dream of homeownership. However, cryptocurrency might have already started “saving” the demographic, and the intergenerational wealth shift which Byers talks about in his piece, will only serve as a side dish to the main course: digital investments.
Millennials: “Saving” Yourself
Each generation, from Gen X to Gen Z, passing through Millennials, possesses distinct characteristics shaped and enlightened by the unique societal landscapes they grew up in.
Millennials or the “avocado generation,” born roughly between the early 1980s and mid-1990s, are often characterized by their digital fluency, adaptability, and a penchant for collaboration. Gen X, born between the mid-1960s and early 1980s, is known for their independence, skepticism, and resilience, having navigated economic shifts and rapid technological advancements. Gen Z, born roughly between the mid-1990s and early 2010s, is marked by their digital nativism, entrepreneurial spirit, and commitment to social justice, having grown up in an era defined by social media, connectivity, and global-issues awareness. Each generation brings its own set of values, priorities, and perspectives to the table, shaping the current cultural and economic landscape in very unique ways.
However, despite being the “most educated generation” from reports by First American Blog, it hasn’t been easy for Millennials thus far as apparently “more education does not equate to higher earnings.” The Net Generation faced significant socio-economic struggles, particularly when it comes to home ownership and personal wealth-building. One of the most daunting challenges for Millennials of course, has been the increasing unaffordability of housing. Skyrocketing real estate prices, coupled with stagnant wages and high levels of student loan debt, have made it exceedingly difficult for the cohort to save for a down payment on a home and many find themselves locked out of the housing market or forced to delay homeownership indefinitely, and instead, have been grappling with the burden of renting in expensive urban areas since they could remember. Moreover, the still lingering effects of the 2008 financial crisis, which led to a decline in property values, puts those who were lucky enough to get on the property ladder, in a still challenging condition when it comes to wealth-building.
Comparatively, Gen Z or the iGeneration, born iphone-in-hand, have managed to wiggle their way into paths of financial freedom by “exploiting,” or more simply, exploring, new avenues of income within the digital realm while still finding time to advocate for social justice and climate-change issues. In technological advancements and social media “overshare” platforms like Instagram and TikTok, the iGen, found new opportunities for remote work and digital entrepreneurship, while disrupting traditional industries and ways of business-making.
How Crypto can Help: BlockDAG Network
With both the Net and the i Generations being so naturally technologically-fluent, it comes at no surprise that crypto became the answer to the homeownership (and low-wage) problem. A study by Stilt found that “Nearly 94% of cryptocurrency buyers are in the age range of 18-40, with Gen Z and Millennials making up the majority.”
With the rise of digital currencies like Bitcoin and Ethereum, Millennials have seized the chance to participate in a decentralized financial ecosystem, often leveraging their tech-savvy nature to navigate this new wild frontier. Through strategic investments and trading, many Millennials have seen substantial returns, catapulting them into the realm of wealth accumulation.
BlockDAG’s recent surge in success has catapulted it to the forefront of the altcoin market, drawing widespread attention from Millennials as a new, easy-to-use, and straightforward avenue of passive income. The project has achieved over $2 million in its second presale batch as well as pledging $10 million in backing the market launch.
BlockDAG Network has emerged as a prominent topic among 18-40 global crypto investors, with early backers set to return as much as 5000% with the real possibility BDAG coin’s value skyrocketing post-launch from $0.001 to $0.05 per coin.
What sets BlockDAG apart is its remarkable ability to secure substantial funding and establish a six-month timeline for its mainnet launch, a milestone that typically takes years for other projects to reach. This rapid progression has firmly established BlockDAG as a leading contender in the altcoin space. A key driver of BlockDAG’s appeal lies in its innovative range of miners, with over 3,000 units sold to users globally. BlockDAG’s mining solutions represent the pinnacle of efficiency and performance, further solidifying its position as a standout player in the cryptocurrency landscape and one of the best projects to invest in for passive income-generating.
As Millennials continue to navigate the challenges of housing affordability and wealth-building, cryptocurrency presents a pathway for diversification and investment that could ultimately propel them towards the dream of home ownership.
With its decentralized nature and potential for substantial returns, cryptocurrency at large and BlockDAG specifically, represent not only a means of financial empowerment but also a catalyst for reshaping traditional notions of wealth and ownership. As Millennials harness the power of cryptocurrency to build their portfolios and secure their futures, the past decade fades into history, a new narrative emerges—that of cryptocurrency—a beacon of hope illuminating the future for this resilient generation.
Read About BlockDAG Presale:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram:https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
