The year 2021 will be the year to grow your wealth!

The year 2021 will be known as recovering from the COVID-19 pandemic and restarting everyday life. However, for younger generations, things are still not looking good, especially in the field of finance. They keep doing what they have always done: going to school, graduating, earning a degree, and finding jobs. All are working for a brighter future. The only problem is that many financial aspects surrounding the younger generation's lives have changed over time. The living cost is rising, while the amount of time available to earn money is reducing. Generation Z is facing a wealth gap. When the pandemic comes to an end, the gap will deepen even further.

This sounds severe, but that is actually what should be said; the situation is getting out of control. For the first time in history, it was revealed that Americans owed more than $1.7 trillion in student debt in late 2020. It's even more alarming that student debt in the United States has jumped by 102 % since the 2010s. Student loan debt has even surpassed credit card debt as of this date, and it is a major challenge for the state. As a result, the future is uncertain for the vast majority of generation Z. All of these statistics are based on Federal Student Aid.

For a good reason, the emphasis on student debt is on the rising tuition fees. Tuition rose across the country as states diminished their investments in higher education. Colleges are almost forced to raise the cost of education. This problem does not make it easier for students. However, this is not the only problem students face nowadays.

The concern is peer pressure, especially the urgency to wear high-end brands. This is so that they can flex on other people by wearing those elevated brands. Students are more likely to purchase high-end branded products than people in their 30s, according to a new survey conducted in September by Alba Cheonguk, a career recruitment platform. The main reason students are attracted to designer brands was the "fear of falling behind a trend" chosen by 28 percent of respondents, and "it feels I'm the only one without them" was selected by 17 percent.

The reasons for the wealth gap are becoming more evident, yet it is even more important in order to figure out how to narrow it. Gladly, Bits of Stock offers a solution to get that into practice. Bits of Stocks believes in the ownership economy, an economy where all consumers should be owners in the economy they participate in.

This will be accomplished by providing fractional shares to customers that shop at their favorite brands. They make their purchases while also becoming shareholders of the company they adore. So, a benefit above a benefit. Another advantage can, actually, be topped on that because the rewards keep going on. Stock rewards pay out also dividends which will help younger generations build up wealth by just enjoying and being loyal to their brands. So, there are incentives on a financial and emotional level.

So, imagine a world where you get wealthier every time you spend money. Well, imagination is, from now on, no longer needed because this becomes a reality with Bits of Stock. The Bits of Stock app is live in the USA and downloadable from both the Apple App Store and Google Play Store.

We are eager to show you the next method to obtain the wealth you deserve. Do not hesitate and join the next best community. Please visit our website at www.bitsofstock.com for more information, or follow us on Instagram, TikTok, Youtube, and Pinterest.