Less financial stability, smaller social safety nets: inside the gen Z investing boom

‘Nearly 30% of the generation born from 1997 to 2012 started putting money into markets in early adulthood.’ Composite: Rita Liu/The Guardian/Getty Images

Ambrico Ranginui first heard of cryptocurrencies when he was 12 years old. By the time he was 16, he had saved enough from birthday gifts and his allowance to invest.

“Growing up in a single-mum household, it made me quite a determined person to get ahead,” Ranginui said. “I wanted to find new avenues to make money and crypto was so fascinating at the time.”