I agree with this 100%, it's not just gambling it's that the idea there's a steady path you can follow to success has basically disappeared. In a survey[1] asking how much money was required for financial success, Zoomers averaged $10MM, almost double millennials and 10x boomers.
A lot of people online took the opportunity to criticize zoomers as out of touch and financially illiterate, but I think most people under 30 have looked at the trends over their lifetime and determined that their lives are going to have so much volatility they need a massive amount of money to weather the storm.
A lot of people online took the opportunity to criticize zoomers as out of touch and financially illiterate, but I think most people under 30 have looked at the trends over their lifetime and determined that their lives are going to have so much volatility they need a massive amount of money to weather the storm.
[1] https://fortune.com/2025/01/20/gen-z-9-5-million-financially...