Over half of young investors have pulled money out of stocks and put it into sports bets, which is bad news for their long-term savings.

• A new survey of US retail investors found 52% of Gen Z shifted investment money into sports wagers over the past year.
• Only a third of Gen Z said they stay out of sports betting entirely, versus about two-thirds of everyone else.
• Betting is a coin flip — injuries and bad luck decide it — while stocks and crypto at least give you earnings, dividends, and industry trends to study.
• The gap comes down to weak financial education at home and in schools; young people earning six figures often do not know what home equity is.

Outlook: Unless financial basics get taught earlier, a big slice of Gen Z will reach middle age with gambling losses where retirement savings should be.