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WSJ Your Money Briefing

Young Men Are Pouring Money Into Risky Assets Like Crypto and Meme Stocks

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.11.7K Ratings

🗓️ 10 December 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Stock markets have hit a series of new highs in 2024, but a disproportionate number of young men are betting heavily on more unpredictable assets. Wall Street Journal reporter Katherine Hamilton joins host J.R. Whalen to discuss new research showing that men’s attitudes toward masculinity are a predictor of whether they own risky investments like crypto or meme stocks. Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:25.9

This is not a recommendation or offer to buy, sell, or retain any specific investment or

0:29.6

service.

0:32.8

Here's your money briefing for Tuesday, December 10th.

0:35.9

I'm J.R. Whalen for the Wall Street Journal.

0:40.6

Financial professionals often advise against investments in assets like cryptocurrency and so-called

0:46.1

meme stocks because of the potential for significant losses. That hasn't stopped a disproportionate

0:51.9

number of younger men from pouring money into that end of the market.

0:56.1

There are a lot of different factors driving this, but the main reason that I heard was that taking a big leap of faith in their financial strategy feels like the only way that they can really have a chance at the life that they want, whether that's retiring comfortably or buying a home.

1:12.0

Is the reward outpacing the risk? We'll talk to Wall Street Journal reporter Catherine Hamilton.

1:17.3

After the break.

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...

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