Gen Z is playing the economy like a casino

[Callido]

Internet allows them to earn money easier than previous generation. While previous generation had to work hard to achieve, be explorers in technology progress. Gen Z often have backup plan as parents, earn by pressing keys, have full internet of guides. Internet taught them that they can safe and load, edit, refresh their lives. With such approach, they allow themselves to gamble and risk with life and future more.

Everything is about the era, it looks old fashioned to those who are older, but for the Gen Z, it is very normal with the things they are doing.  Honestly, it is working for most Gen Z, the internet has brought many advantages, and in this space, it is mostly occupied by the Gen Z, why others still believe in something physical.

I observed that despite the Gen Z era, there are traits of behavioral changes, those who are upto some level now see the changes, this particular set of Gen Z, now changing patterns, what is made from the internet should serve as a backup.

[AmoreJaz]

Basically saying that Gen Z seems to lean more towards taking risks. This might also be observed with how many Gen Z are into cryptocurrency and hoping to hit that one coin that will soar. This generation is the one who experienced a pandemic. The generation where houses are almost impossible to buy. But the generation with probably the most resources available.

Are you thinking like Gen Z or you’re still stuck on your old traditional ways?

There are two dimensions to my age when making decisions and they are generally influenced by the fear of losing more money because we now have children and wives. Gen Z might take a risky approach to cryptocurrency, hoping the coin will skyrocket and bring them quick wealth. Honestly, I don't agree with this pattern because hoping for quick wealth can sometimes cause problems later on as not everyone has the same opportunities, especially when involved in meme coins.

At my age I think more practically and don't want to take big risks regarding wealth. I believe it's better to go slow as long as it's well-planned. Bitcoin can provide certainty and I think it's much better to focus on fundamental assets like this than taking a meme coin approach or something like that and I think this is better at this age.

They should still be conservative on how they manage their money because there's no assurance in any market. With all the years that I've been here in crypto market, I can say, I already know the drill so I am not that like of Gen Z - if you are talking about the impulse on how they invest in a high risk assets like crypto. I always see to it I consider several factors and have contingencies so I won't be trap in a tight spot when it comes to money matters.

[Oasisman]

Are you thinking like Gen Z or you’re still stuck on your old traditional ways?

Obviously I'm not thinking like how you described these Gen Zs, but I'm not stuck in traditional ways either. I adapt to the changes, but I ain't taking too much risks by dealing with unstable and uncertain income.
However, not all Gen Zs are thinking and behaving the way you described them, I know a lot who have been building their future as soon as they joined the workforce. I've seen several who started investing to real estate, crypto, and stocks, and yeah they're not too common in the social media that's why you probably didn't see them.
In fact, I've seen millennials who's been looking for a big break as well, by following the same risks similar to playing in a casino hoping to hit the big jackpot. The only difference between them is that, millennials may have already established their financial position before taking the risks, while most Gen Zs just entered the rat race.