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New research by Coinbase shows only a tiny percent of U.S. citizens still believe the American Dream is achievable in the current financial environment. 
Less than 10% of Americans are happy with the nation’s financial system as younger generations become “more pressured financially and more disillusioned by the system,” Coinbase says. 
In a new Q3 State of Crypto <a href="https://www.coinbase.com/blog/the-state-of-crypto-age-access-and-agency" target="_blank" rel="noreferrer noopener">report</a> co-created with Bovitz and Morning Consult, the U.S.-based crypto exchange surveyed thousands of Americans about their experiences dealing with traditional finance. 
Most Americans are unsatisfied with the existing financial system, as only 7% of respondents said the system “works very well for people like them.” 
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 <img decoding="async" loading="lazy" width="1027" height="500" src="https://crypto.news/app/uploads/2023/10/bluygbsdyfs.png" alt="Only 7% happy with U.S. financial system, Coinbase reports - 22" class="wp-image-14209033">
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 Percentage of generations satisfied with the financial system | Source: Coinbase
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 You might also like: <a href="https://crypto.news/coinbase-optimistic-about-us-approval-bitcoin-etf/"> Coinbase optimistic about US approval of Bitcoin ETF </a> 
While Coinbase surveyed all generations, it was Millennials who demonstrated their anger, calling the system “outdated” (29%). Meanwhile, Gen Z mostly called it “confusing” (28%) as well as “inadequate.” 
At the same time, almost 40% of young respondents said crypto and blockchain can increase economic opportunities as they will create more jobs in the future. 
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 “These generations will make up a greater share of the country’s consumers and electorate tomorrow than they do today, and their push to use crypto as a tool to update the financial system and create more opportunity and prosperity for themselves will drive adoption of crypto in politics and society.” <cite>Coinbase</cite>
</blockquote> 
Although Gen Z and Millennials do not rely on legacy institutions and avoid following conventional paths to make a living, they will be a majority of voting-age Americans by 2028, Coinbase notes. 
<figure class="wp-block-image size-full">
 <img decoding="async" loading="lazy" width="750" height="386" src="https://crypto.news/app/uploads/2023/10/b8ygsdiuhf.png" alt="Only 7% happy with U.S. financial system, Coinbase reports - 23" class="wp-image-14209032">
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 Percentage of generations willing to vote for a pro-crypto candidate in 2024 | Source: Coinbase
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The exchange has found that more than half of its respondents will likely vote for crypto-friendly candidates in the 2024 presidential election. 
Coinbase said it wants to see the U.S. become a more crypto-friendly market as more tech experts turn to international markets, pushing strategies to become “crypto hubs.” However, a regulation made by enforcement approach in the U.S. is leading instead to a “disappointing trend for crypto development in the U.S.,” Coinbase concluded. 
 Read more: <a href="https://crypto.news/coinbase-makes-final-stand-against-sec-lawsuit/"> Coinbase makes final stand against SEC lawsuit </a>

Only 7% happy with U.S. financial system, Coinbase reports

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