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 <p class="is-style-lead">New research by Coinbase shows only a tiny percent of U.S. citizens still believe the American Dream is achievable in the current <a rel="noopener noreferrer nofollow" title="financial" href="https://thebittimes.com/tag/financial.html">financial</a> environment.</p>
 <p>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.</p>
 <p>In a new Q3 <strong>State of Crypto</strong> report co-created with Bovitz and Morning Consult, the U.S.-based crypto exchange surveyed thousands of Americans about their experiences dealing with traditional finance.</p>
 <p>Most Americans are unsatisfied with the existing <a rel="noopener noreferrer nofollow" title="financial" href="https://thebittimes.com/tag/financial.html">financial</a> <a rel="noopener noreferrer nofollow" title="system" href="https://thebittimes.com/tag/system.html">system</a>, as only 7% of respondents said the <a rel="noopener noreferrer nofollow" title="system" href="https://thebittimes.com/tag/system.html">system</a> “works very well for people like them.”</p>
 <figure class="wp-block-image size-full"><picture decoding="async" class="wp-image-14209033">
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   <img decoding="async" width="1027" height="500" src="https://cdn.thebittimes.com/images/2023/10/27/cb1aa7d8c4f66868ad8654c401495487.webp" alt="Only 7% happy with U.S. financial system, Coinbase reports - 1"> 
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   Percentage of generations satisfied with the <a rel="noopener noreferrer nofollow" title="financial" href="https://thebittimes.com/tag/financial.html">financial</a> <a rel="noopener noreferrer nofollow" title="system" href="https://thebittimes.com/tag/system.html">system</a> | Source: Coinbase
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 <div class="cn-block-related-link">
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> <a rel="noopener noreferrer nofollow" title="
Coinbase " href="https://thebittimes.com/tag/coinbase.html"> Coinbase </a>optimistic about US approval of Bitcoin ETF
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 <p>While Coinbase surveyed all generations, it was Millennials who demonstrated their anger, calling the <a rel="noopener noreferrer nofollow" title="system" href="https://thebittimes.com/tag/system.html">system</a> “outdated” (29%). Meanwhile, Gen Z mostly called it “confusing” (28%) as well as “inadequate.”</p>
 <p>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.</p>
 <blockquote class="wp-block-quote">
  <p>“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.”</p> <cite>Coinbase</cite>
 </blockquote>
 <p>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.</p>
 <figure class="wp-block-image size-full"><picture decoding="async" class="wp-image-14209032">
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   <img decoding="async" width="750" height="386" src="https://cdn.thebittimes.com/images/2023/10/27/2a729f1fa92bd6803dcc14ffae60498c.webp" alt="Only 7% happy with U.S. financial system, Coinbase reports - 2"> 
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   Percentage of generations willing to vote for a pro-crypto candidate in 2024 | Source: Coinbase
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 <p>The exchange has found that more than half of its respondents will likely vote for crypto-friendly candidates in the 2024 presidential election.</p>
 <p>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.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Coinbase makes final stand against SEC lawsuit
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/only-7-happy-with-u-s-financial-system-coinbase-reports-tbt68042.html">https://thebittimes.com/only-7-happy-with-u-s-financial-system-coinbase-reports-tbt68042.html</a></p>

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

TheBitTimes

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