CJ - Cryptocurrency Expert
According to a recent Investopedia poll, financial literacy instruction needs a major overhaul to keep up with significant generational changes in investing and retirement planning.
In advance of Financial Literacy Month in April, the Investopedia 2022 Financial Literacy Survey questioned 4,000 U.S. adults—1,000 from each of the Gen Z, Millennial, Gen X and Boomer generations—about their financial knowledge, habits, worries and retirement plans. According to the research, many younger Americans are turning to riskier assets to pay for early retirements, and they are consulting social media for advice.
The following are some of Investopedia's most notable findings:
It is also affecting how the next generation is taught about money. Investors in Generation Z: 39% of Gen Z investors claim to learn about investments via YouTube. 30% of those looking for information about personal finance use TikTok.
Internet searches (39%) and chats with friends and family (44%) were also mentioned as valuable information sources.
Despite the rise of innovative technology, conventional financial literacy remains popular. Only one in every three respondents claimed they have advanced investment knowledge, and Gen Z is most likely to want to:
"Our attitude toward money, investment, and financial planning has shifted dramatically in recent years," Investopedia Editor in Chief Caleb Silver stated. "As millions of people take their first steps into investing, new asset classes like Bitcoin OTC and NFTs have developed. These shifts necessitate a more updated approach to financial education, one that equips individuals of all ages with information about new, emerging, and classic financial goods and services. It is our obligation as financial educators to ensure that we are spreading financial literacy as widely as possible."
Best website to buy Bitcoin without a hassle is BC Bitcoin - here buying Bitcoin online is fast and easy.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards