SoFi Technologies, Inc., a leading digital personal finance company, released its first SoFi Invest Midyear Investor Report, surveying over 3,400 Americans on their investment sentiment and habits during the first half of 2023. The report highlights a mix of optimism and concern among investors, particularly among Generation X.
Most investors feel they are “falling behind” their ideal investment amount for their age. Gen X’ers express the most concern about not being as far along in their investing journey as they should be. Amidst a turbulent 2023 and over a year of rampant inflation, two-thirds of investors believe the economy is already in a recession. However, 72% remain optimistic about the markets, and 57% feel good about investing at this time.
The top five investment vehicles include Equities, Cryptocurrency, Mutual Funds, Bonds, and Exchange Traded Funds (ETFs). There’s a noticeable shift towards income-focused…
