Robinhood phenomenon lures Gen Z and Millennial investors, but will it continue?

Well, 2020 has certainly been an eventful year, from raging bush fires to widespread pandemic panic. If one thing is for sure, we are eager to put it behind us and start afresh in 2021.

One phenomenon I will be watching in the coming year is the Millennial and Gen Z participation in the market. There have been strong catalysts this year for the massive influx, but there are also risks to this trend.

Why the trend?

Unfortunately for my young comrades (being a Millennial myself) the pandemic has hit us hardest when it comes to both unemployment and under-employment.

According to the labour force data from the Australian Bureau of Statistics, in November the youth unemployment rate increased another 0.1 percentage point to 15.6%….