A latest survey shows that the phenomenon of young American men becoming addicted to stock trading is increasing. Among male respondents aged 18 to 29, about a quarter engage in stock trading daily. Of this group, 64% said they “feel like failures.”
According to Bloomberg's report on August 5, this survey was conducted by the American Institute for Family Studies. The data shows that young men not only are enthusiastic about day trading (i.e., trading without holding positions overnight), but they are also more likely to engage in high-risk gambling activities. Approximately 23% of the surveyed young men said they gamble every day, and 66% of them consider themselves "failed" in life.
Reports cite research stating that, in a context where economic growth opportunities are limited and living costs continue to rise, some young men are trying to earn quickly through activities such as stock trading and gambling, in hopes of improving their situation.
Meanwhile, the financial pressures on ordinary American families are also increasing.
A recent survey conducted by CNBC and research firm SurveyMonkey found that nearly two-thirds of American adults are in a "moonlighting" state, with their incomes being largely depleted by daily expenses.
Surveys show that 20% of respondents can barely keep their finances in balance each month, and 17% have monthly deficits. 61% of respondents said that economic pressures have forced them to delay life plans such as retirement savings, home purchases, car ownership, and marriage.
Among the factors leading to financial anxiety, insufficient savings (45%), credit card debt (30%), auto insurance costs (25%), and medical expenses (23%) are among the top concerns. Additionally, 50% of respondents believe that the economic situation in the United States will deteriorate further in the coming year. Rising living costs, government policies, as well as international conflicts and global uncertainties are the main sources of concern.
