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Praise for Boy George and more: Letters to the Editor — Aug. 16, 2026

NY Post
1 month 4 weeks ago
NY Post readers discuss Boy George honoring Oct. 7 victims and more.
Post readers

Bill Maher thinks immigrants must assimilate, accept American values and principles to be in US: ‘Not negotiable’

NY Post
1 month 4 weeks ago
"Look, you don’t have to love everything about America. We don’t. That’s why Yelp was invented."
Fox News

Prince Harry and Meghan Markle advised to ‘disappear professionally’ after latest business fail to salvage reputation

NY Post
1 month 4 weeks ago
The Duke and Duchess of Sussex's "Cookie Queens" doc crumbled at the box office.
mliss1578

Prince Harry and Meghan Markle advised to ‘disappear professionally’ after latest business fail to salvage reputation

NY Post
1 month 4 weeks ago
The Duke and Duchess of Sussex's "Cookie Queens" doc crumbled at the box office.
Antoinette Bueno

A.J. Ewing ‘not enthusiastic’ over August slump — but he believes a turnaround is coming

NY Post
1 month 4 weeks ago
“A.J.” might be “August Jolt” abbreviated for a certain Mets rookie, but only in terms of results. 
Mike Puma

Deshaun Watson, Shedeur Sanders put up a mixed bag as they fight for Browns starter job

NY Post
1 month 4 weeks ago
Both Deshaun Watson and Shedeur Sanders produced some good and some bad during their respective drives for the Browns on Saturday.
Andrew Crane

News of the World: What you missed this week internationally

NY Post
1 month 4 weeks ago
Mexico's leading avocado producer is back in business, a Quebec man received North America’s first regenerated liver transplant, and more news from around the world.
Angela Barbuti

‘Sweetie’ the husky rescued from alleged abuse after being dragged behind bike by homeless man

NY Post
1 month 4 weeks ago
A Merced resident said she saw a homeless man dragging Sweetie on hot pavement while riding a bike last week.
Marina Peña

Rescue pug who escaped South Korea’s dog meat trade crowned ‘World’s Ugliest Dog’ in California

NY Post
1 month 4 weeks ago
The 50-year-old competition, held in Santa Rosa, celebrates all dogs and promotes adoption.
Katie Jerkovich

64-year-old man dies after medical episode in NYPD custody: police sources

NY Post
1 month 4 weeks ago
A 64-year-old man arrested in East Harlem died in NYPD custody Friday after suffering a medical episode at the 25th Precinct station house.
Tina Moore

Rams lose rookie offensive lineman to hamstring injury vs. Chiefs

NY Post
1 month 4 weeks ago
It didn’t take long for the Rams to suffer what could potentially be an impactful injury Saturday in their preseason opener against the Chiefs.
Vincent Bonsignore

47-year-old California dad joins college football team in wild comeback

NY Post
1 month 4 weeks ago
"My body's holding up a lot better than I thought."
Titus Wu

More Than Half Of Gen Z Investors Have Moved Money Into Sports Bets

Zero Rss
1 month 4 weeks ago
More Than Half Of Gen Z Investors Have Moved Money Into Sports Bets

A growing share of young Americans is folding sports gambling into their long-term financial plans, according to new research from the investment platform Betterment.

In an online survey of 1,000 U.S. retail investors conducted in late March and early April and released this week, 52% of Gen Z investors said they had shifted money originally set aside for stocks or other investments into sports wagers over the past year. Only about one-third of Gen Z participants reported no involvement in sports betting at all, compared with 63% across all age groups in the survey.

26% of Gen Z respondents - those born between 1997 and 2007 - said they view sports betting as a deliberate, ongoing part of their wealth strategy. That figure drops sharply with age: 14% of millennials, 6% of Gen X, and just 1% of baby boomers reported the same outlook.

Of those Gen Z respondents, roughly 11% described betting as an investment strategy aimed at high returns, while 15% treated it as a short-term way to raise cash.

The betting numbers sit inside a broader shift in where young investors get their information. Social media is now Gen Z's most commonly cited source for financial news, rising from 45% in 2024 to 60% this year - nearly three times the 21% who cite a financial advisor.

The findings highlight how the rapid growth of legal sports gambling and prediction markets is competing for the same discretionary dollars that once flowed into retirement accounts and brokerage portfolios. The state-regulated sports betting industry in the United States has expanded into a nearly $17 billion business in recent years. Prediction markets have also surged; Robinhood Markets, long known for democratizing stock trading, added them to its app in 2025 and has called the segment its fastest-growing business line ever.

Betterment Chief Executive Officer Sarah Levy warned that the trend carries risks. "When a prediction market or sportsbook starts to feel like a retirement strategy, we have a problem," she said in a statement. "These products are designed to keep people seeking the next quick score, not to help them build toward the next decade. Younger investors deserve access to the tools and information that meet them where they are, but the industry also has a responsibility to be clear about the difference between participating in a trend and building lasting wealth."

Robert Kosciuk, a 32-year-old from Huntington, New York, illustrates the shift - maintaining a Robinhood account for stocks but devoting more energy this year to betting, Bloomberg reports. He says he approaches sports wagers with the same discipline he applies to investing: researching outcomes carefully, avoiding emotional decisions, and limiting most bets to $100. He acknowledges the activity is gambling but believes he manages it more thoughtfully than casual players. So far this year he has earned roughly $2,500, enough to cover a vacation he attributes in part to successful bets on the Carolina Hurricanes.

Industry representatives push back on the idea that betting should be treated as investing. Joe Maloney, president of the Sports Betting Alliance - whose members include FanDuel, DraftKings, Fanatics Betting & Gaming, bet365, and betMGM - told Bloomberg that sports wagering is entertainment, not a wealth-building strategy. Adults who choose to bet, he added, should do so responsibly within a fixed entertainment budget and never with money needed for savings or essentials.

Broader economic pressures may be amplifying the appeal of high-risk options. Eighty percent of Gen Z respondents who already use or are considering speculative investments said concerns about falling behind financially played a role, according to a Northwestern Mutual study of 4,357 adults conducted by the Harris Poll in January. As homeownership grows more difficult and everyday costs rise, some younger adults are turning to sports betting, prediction markets, and crypto in hopes of accelerating progress toward their goals.

The Betterment survey also examined how investors make decisions. 56% percent said they rely primarily on their own research and judgment - more than any other single source. That self-reliance increased with age, rising from 40% among Gen Z respondents to 69% among baby boomers. About one in three participants reported trusting artificial intelligence for financial advice. Of those, 53% said AI had prompted a decision they would not otherwise have made, including 48% of all Gen Z respondents. Gen Z investors were eight times more likely than baby boomers to say they were comfortable using AI for long-term financial planning - 41% against 5%.

The survey polled 1,000 U.S. retail investors between March 27 and April 3, split evenly across four generations, meaning each generational figure rests on roughly 250 respondents. Participants were recruited through an incentivized online panel and were required to hold at least one investment outside a 401(k).

Tyler Durden Sat, 08/15/2026 - 16:55
Tyler Durden

John Gotti’s grandson finally behind bars after failing to donate kidney to sick mom

NY Post
1 month 4 weeks ago
Carmine Agnello, John Gotti’s grandson, has begun his 15-month prison sentence for COVID-19 fraud after failing to donate a kidney to his mother.
Sonya Gugliara

NFL Insider’s take on Aaron Donald possible Rams return will turn heads

NY Post
1 month 4 weeks ago
The Los Angeles Rams don’t know when Aaron Donald will make a decision on coming out of retirement — and the team hasn’t given the three-time Defensive Player of the Year a deadline to make one. “The Rams have not given Aaron Donald a timeline for when they need a decision because they don’t actually...
Valentina Martinez

Cardinals’ Joshua Baez makes history with three homers in first three MLB at-bats in eye-popping debut

NY Post
1 month 4 weeks ago
Talk about a first impression.
Andrew Crane

Travis Kelce proudly shows off wedding band ahead of first Chiefs game since wedding to Taylor Swift

NY Post
1 month 4 weeks ago
Swift and Kelce tied the knot in a star-studded celebration on July 3 in New York City.
mliss1578

Travis Kelce proudly shows off wedding band ahead of first Chiefs game since wedding to Taylor Swift

NY Post
1 month 4 weeks ago
Swift and Kelce tied the knot in a star-studded celebration on July 3 in New York City.
Audrey Rock

Here are the states where medical malpractice runs rampant — and NY is among the top

NY Post
1 month 4 weeks ago
A New survey ranks New York No. 2 in the nation for medical malpractice, with nearly three reported victims every day over the past five years, according to a new study. Only Nevada is worse.
Jeanne Erickson

Posh Upper East Siders lash out at plan to fight rats by getting trash off the sidewalks

NY Post
1 month 4 weeks ago
Upper East Siders are trashing NYC Mayor Zohran Mamdani’s push to wipe away nearly 30,000 parking spaces citywide and plunk tens of thousands of massive garbage containers streetside – saying it would turn the posh neighborhood into “Dumpsterville.”
Rich Calder

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News feeds

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  • Goldman Reports Blowout Equity Trading Revenues As FICC Disappoints
  • "I'll Be Short Whole Year": Paul Tudor Jones Dismisses Goldman's Optimism, Warns Of Looming Dot-Com Style Equity Supply Tsunami
More

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