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.

[Jateng]

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.

Today young generation pays more attention to casinos because they try to earn money without hard work and patience which is why they are spending more time on platforms like crypto.I f you look at it this is not wise.More reliable work requires hard work and investment. Social media and investment have their own benefits. The young generation gets a lot of technology information from social media.Spending too much time on it makes the young generation lose the ability to work hard and be patient. Now more and more young generation is looking for opportunities to work online.

[Synchronice]

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?

Many might say that Gen Z is the luckiest generation compared to old ones but that's not really true. Gen Z can't land a good job because elder people have deep roots and don't want to give Gen Z a chance. Also, every job wants someone with years of experience and it's hard to impossible to gain an experience without giving someone a chance. Those who get chances usually are exceptionally good, one in a million or have great connections and/or are from wealthy families.
Also, Gen Z can't buy a house and have to pay half of their salaries in rent. Then you also want to have some fun, buy clothes here and there and that's the life of Gen Z in general. Sadly, the only way to succeed in life is to somehow hit the jackpot, by winning it or going viral because today being famous pays enormously well but hard work keeps you poor while in the past, hard work was paying well.

[Hamza2424]

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

They are like this for a reason, One their parents worked so hard and are stable that their kids are lean toward taking risk. Second their parents did not worked hard enough and now besides taking risk their kids have no other option. Tricky world.

But making money online is popular, everyone is a content creator, and making money from internet and they are not like millennials who do the same job for 30 years and call themselves successful. I also not like this. I want to take risk.

And young should take more risk because there is a whole life ahead of them, so taking risk now won't hurt them as bad as it can when they will be old.

[taufik123]

-snip-
But making money online is popular, everyone is a content creator, and making money from internet and they are not like millennials who do the same job for 30 years and call themselves successful. I also not like this. I want to take risk.

And young should take more risk because there is a whole life ahead of them, so taking risk now won't hurt them as bad as it can when they will be old.

We've entered a real change of times, a shift to a broader digital world where people, especially Gen Z,
make money more easily and without the need for too much hard work.

Yes, by creating unique and interesting online content, the more people who watch, the more money they make.
It's about smart work and making more money.

Treating the economy like a casino may be just a few people who are almost visible,
because the current economic situation is not good, not because of the people but because of the government in power.

Now there is more risk to lose money, more vigilance and always see how the world works,
the economy will certainly improve but it will certainly not be easy, gen z and Millennials need more opportunities.

[blockman]

They're all having the best thing in their lives, they all talk about what they deserve and that's from the stress that they're getting while they're young. And that's due to the influence of social media to their lives because they think that life should circulate from it and they don't have to live outside of it. I feel pity to those that can't do it because they don't have guidance or they don't take heed and guidance from the people that cares from them. The YOLO thing in their minds is what they're applying which is a wrong mindset that affects them mentally, physically and financially.