Gen Z is playing the economy like a casino

[Furball808]

Gen Z is playing the economy like a casino

Gen Z are those who were born between 1997 and 2012. Most of them are already old enough to start entering the workforce with most of the older ones already have been in the workforce for quite some time. This article pointed out how Gen Z seems to be hoping these days for that one big break instead of working hard for years and eventually reaching the top. What are those big breaks? Basically getting viral once or hitting the lottery. Many Gen Z see being an influencer as a more lucrative profession than any other profession one might get from a degree.

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?

[aylabadia05]

At a certain point, becoming an influencer or using social media platforms as a means of earning income is becoming a trend among the age group you call Gen Z. And of course, people outside the age group born after 1997 also use social media platforms as a source of income. Those who are more famous in a certain field from a young age will earn money faster, and for me, the majority of their income that makes their economy sufficient comes from that channel.

Many Gen Z are also seeking income through avenues related to the internet.
I think Gen Z, at the age in question, doesn't have accurate data on whether they are stuck with old or traditional ways. Not a few of the current generation are already familiar with new ways of investing. Bitcoin is not foreign to them, and I predict that many of them will choose Bitcoin over other investment channels. Classic things may no longer be among their choices. DYOR.

[Dunamisx]

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

I don't expect an average youth by this time not to be fully engage in the use of social media for anything, this is not a time to be using our mobile device and internet access watching facebook when some other ones are cashing out from their use of the social media platforms, because we are now in the digital era whereby there are countless of opportunities that may come for us as a result of doing all these.

[Majestic-milf]

 That's why they are called Gen Z for a reason. They do not have the emotional capacity or strength to endure long hours of "rigorous work' because to them that would make it seem like they are slowly wasting their youth and energy. Being an influencer is work no doubt but it is more of the type of thing they'd do that's why you see most youths preferring that sort of job to other types.
 You know when you get a job in a company or organization where there's mostly millennials, Gen X and Baby Boomers, you as a Gen Z would feel like you're the only "current" one there and even though the millennials would be able to relate, it's still no going to be as interesting as when you're in a workspace with like minds or people your age.

[Ryu_Ar1]

Generation Z is more like daring to keep trying even though there are risks but when they dare to try then they will do it to show that the mindset they have is a little different from the previous generation which seems more monotonous when something is already set then they will follow the existing flow and this will be slightly different from the current Gen Z mindset.

So in the end this can be considered reasonable when some people or observers say things like the one in the context of the title you gave but for me something like that is still very good for Gen Z compared to those who still continue to adhere to conventional as a benchmark but do not dare to try to fight the flow and just follow it.
Indeed following the existing flow looks much safer and more comfortable but on the one hand we will not be able to change if we only continue to be in the same flow where we are only like being controlled by a system that has survived for a long time which makes the current Gen Z mindset much more able to think more boldly by taking more different actions by maximizing opportunities from technology and innovation that are increasingly sophisticated.

[abhiseshakana]

I think structural change era caused this behavioral phenomenon. Human behavior is driven by context era not their willingness. Mathematically, old way is unpromising for gen Z because digital world shows instant success every day massively, and on the other side, growing bigger with financial crises, inflation, and its complex issues change their perspective about long term effort. Instant validation create ilusion for gen Z, one moment can exceeeded years of hard work. Like, big view viral give pressure for gen Z to adapt psychologically, which causes low tolerance for long term growth process, lower level of patient and resillieance.

matter of fact, for decades, social mobility is a miracle for the middle and lower class income. When system fails to give hope and trust, shortcuts, leaps, or big breaks become reliable solutions. I see it as response to an unbalanced system. Simply think, when hard and smart work give small result/ benefit, in the other side speculation gives fruitful results. Gen Z not weak but they don't get enough training to upgrade their tolerance threshold for suffering because they live in an era of faster, open information flow, mentality tireness and never ending social comparation circumstance. So Gen Z only move if they ensure the result is worth.

[AbuBhakar]

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

In fact, it's better to take risks now with new opportunities that can earn money than with old methods or types of work. There is a higher chance that new opportunities will change your life more than relying on a sure thing. The older generation has tried it, and the younger generation is seeing it, so they are more attracted to gamble and take risks to learn the methods. Even in trading, many are still trying to this day. Maybe one day they will buy coins that will change their lives. That's not bad, just don't over-trust and spend.

[noorman0]

-snip-
Basically getting viral once or hitting the lottery. Many Gen Z see being an influencer as a more lucrative profession than any other profession one might get from a degree.

Ironically, many platforms have launched incentive programs to encourage anyone to become an unfiltered influencer, earning even more than those with degrees. And on all these platforms, influencers' accomplishments can be flaunted as if they achieved them effortlessly.

Gen Z may be aware of the risks, but the lure of wealth is irresistible. If they're too skeptical, they'll miss out. It's a business that only benefits those who start first.

[Cryptomultiplier]

I think the economic state of many countries today has changed today as compared to how things were cheaper, more affordable and one could easily get a job in the past with a degree.
These days getting a job might require you know someone of worth that opens the door and in some cases we do pay to get a good paying job because nothing again comes free and easy as it used to be before.
Interest rates has risen, devaluation of currencies has happened more than once in many countries and social media came with an opportunity and that's what Bitcoin and crypto currencies have done, by creating an alternative to earning locally as it once was by working at a job.

I think the economy has created more thinking outside the box for Gen Z as opposed to them playing the economy like a casino. It's survival and for not just the fittest, but for the thinkers and doers.

[Cheema02]

Gen Z is playing the economy like a casino

Gen Z are those who were born between 1997 and 2012. Most of them are already old enough to start entering the workforce with most of the older ones already have been in the workforce for quite some time. This article pointed out how Gen Z seems to be hoping these days for that one big break instead of working hard for years and eventually reaching the top. What are those big breaks? Basically getting viral once or hitting the lottery. Many Gen Z see being an influencer as a more lucrative profession than any other profession one might get from a degree.

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?

Your point is very realistic about Gen Z who manange economy like a casino but in this way they are not at fault because they become mature by facing inflation and unstable jobemarkets. Risk taking is just like to response a broken system but also we don't rely only on luck and mostly not any one can easily win the lottery so the authtic approach to adopt is only balance the situation by learning skills and remains consistent. The benefit that have Gen Z are that they have more tools like in form of information but these tools show high input with patience. So the future is waiting those guys who are risk taking and have long term thinking.

[Fortify]

Gen Z is playing the economy like a casino

Gen Z are those who were born between 1997 and 2012. Most of them are already old enough to start entering the workforce with most of the older ones already have been in the workforce for quite some time. This article pointed out how Gen Z seems to be hoping these days for that one big break instead of working hard for years and eventually reaching the top. What are those big breaks? Basically getting viral once or hitting the lottery. Many Gen Z see being an influencer as a more lucrative profession than any other profession one might get from a degree.

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?

I don't think this is true, the job market is toughest for the younger generation right now so they are simply grabbing on to anything they can get and that is understandable. Automation, AI and the rapidly increasing minimum wage has wiped out a lot of jobs that it made sense to hire younger people to do. Checkout assistants, fast food servers, even things like grass cutting have begun to be automated which makes it harder to pick up these hustles to get their first break. However the internet has created new and different opportunities that did not necessarily exist before, like content creation of all different kinds and there is a vast audience out there if you can find a niche.

[Rruchi man]

This[/url] article pointed out how Gen Z seems to be hoping these days for that one big break instead of working hard for years and eventually reaching the top. What are those big breaks? Basically getting viral once or hitting the lottery.

It is a mentality that has been developed among young people, and it is called a lottery mentality, and this has been promoted simply because they've seen some other persons possibly make it through this means where they had one big hit, and from there onwards, things took a good turn for them. So, these young ones no longer value jobs that put them on the pedestal to grow little by little; they want it quick.

It is also as a result of this mentality that many young people do not have savings because they are expecting that one big win either from trading crypto, from gambling, or through other means known to them.

[HONDACD125]

There is a difference why the older people or people from the older generations don't think this way, it is because the things we are talking about that the Gen Z is mostly interested in are more prevalent these days and they didn't exist back in the day. For example, did we have vloggers back in the day? No, people only used to have cameras so that they can take pictures as memories if they go on a trip or something, people never thought of using a camera to capture everything and upload it somewhere so that others can watch it and they can make money this way, and platforms such as YouTube and others also didn't exist back then.

So, even if some of us think that the Gen Z is lazy or they don't like hard work or anything, even if some of them are like this, that's not entirely true for all because if they know smarter ways of making money then be it, we work hard because we have to, but if someone can find a more convenient method to earn a living then it's good for them, right?

[EFS]

I don't agree with most of what you said. Gen Z is almost nonexistent in working life right now. Most of them are still continuing their education and many of them are not working. Having experienced the pandemic is not a problem. We all went through that. Previous generations experienced wars. This pandemic is nothing compared to wars.

It's true that many young people in the new generation don't want to work. They are looking for easy ways to make money. But they will soon realize that the world doesn't work like that. Being an influencer is not a real job. After all, everyone influences the people around them in some way. That trend will probably die out soon as well. Their place in the economy is almost none anyway.

[BlackHatCoiner]

The economy is a casino. Money isn't real. You see all stocks getting pumped for some reason, and it's just newly printed money that's buying the stocks. Then, Jerome Powell goes and the entire panel is drowning in anxiety. Grown up men bet on what he'll choose as the optimal basis points.

Gen Z behavior is the completely predictable outcome when you're eating economic crises for breakfast, have the most powerful lizard people take your home while you're in debt for a degree that'll be worthless before you pay back the debt, and watch fiat-funded wars while you're taking a dump.

[Jatiluhung]

Gen Z is playing the economy like a casino

Gen Z are those who were born between 1997 and 2012. Most of them are already old enough to start entering the workforce with most of the older ones already have been in the workforce for quite some time. This article pointed out how Gen Z seems to be hoping these days for that one big break instead of working hard for years and eventually reaching the top. What are those big breaks? Basically getting viral once or hitting the lottery. Many Gen Z see being an influencer as a more lucrative profession than any other profession one might get from a degree.

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?

Gen Z is indeed more inclined to take risks than millennials. however, I think it is Gen Z that has the greatest potential to increase their finances quickly, even though the opposite is also true. This is because behind great potential there is always an equally great risk. However, in my country today, there are already many Gen Z individuals who have become very wealthy even at a young age, right? Yet they are able to own their own homes. And yes, most of them work by maximizing the available technology or the advancements of today. They engage in social media but also generate income from it. Some have even achieved substantial earnings solely from being content creators. This has become quite common in my surroundings. Even we, the millennial generation, are now taking similar steps. We work but also maximize the potential of the current era, such as leveraging social media by becoming content creators or similar roles.

[livingfree]

Gen Z is playing the economy like a casino

Gen Z are those who were born between 1997 and 2012. Most of them are already old enough to start entering the workforce with most of the older ones already have been in the workforce for quite some time. This article pointed out how Gen Z seems to be hoping these days for that one big break instead of working hard for years and eventually reaching the top. What are those big breaks? Basically getting viral once or hitting the lottery. Many Gen Z see being an influencer as a more lucrative profession than any other profession one might get from a degree.

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?

I'm into traditional ways. I like the slow growth and yet, more stable and more reliable.

I can't just put any more risk other than Bitcoin. Because I've already put so much risk into it when I was younger.

So, that's plenty of risk already and I think with the gen z's, they know what they're doing and they're more brave due to what has happened globally, the pandemic, the wars. And the YOLO mentality is what they have.

[Bitcoin_Arena]

It's not like the "gambling" or "casino" kind of lifestyle started with Gen Zs. Most of the things we do in life are just a gamble regardless of the generation. That education you do, that career path you take, and that partner you get married to are all a gamble. It could succeed or fail. So let's not start thinking like a certain generation is playing the economy like a casino, which the others previously did not. They probably also did, but in a different way, and we were not there to witness it. Just watch documentaries of how people would try to invest in stocks in the 80s, and you will realize that there is nothing much new here.

[X-ray]

These gamble isn't only happening in this generation, you only know Gen Z is playing economy like casino because information is more accessible than ever. Boomers also gambled their capital to start business and so on.

Yet acknowledging that, I think it's also part of Gen Z desperation and finding no way to find financial freedom and only viral hit can turn around your life.

You can be Gen Z working your ass off everyday doing 2-3 shift and barely make the ends meet, of course the only way to become richer is to stick like a sore thumb and make that fortune in a short time.

The boomers are gambling on the dotcom bubble, the Gen Z are doing the same except with crypto and memes.

[viljy]

So if the modern economy is a "casino economy," then this generation is simply adapting to the existing economic realities. In such an economy, it is impossible to achieve great success just by working or doing business for a long time. By doing this, you will simply maintain your existence. In order to really get rich, you need a lucky chance, which may consist in acquiring a large number of followers and making money from advertising some shit. Or get rich on shitcoin, which suddenly shot up. Or get rich by successfully speculating on the financial markets. So this generation has to adapt.