A recent article from the World Economic Forum highlights a growing trend among Gen Z (currently aged between 18 and 27 years old) often described as “financial nihilism” — the belief that traditional paths to financial success no longer work.
Faced with stagnant wages, rising housing costs, student debt, and economic uncertainty, many young adults are turning to riskier financial behaviors such as cryptocurrency speculation, prediction markets, and high-risk investing.
The article argues that these behaviors are not simply reckless decisions, but often rational responses to a system that feels increasingly out of reach. Homeownership is harder to achieve, retirement feels distant, and many young people believe slow-and-steady saving may never be enough.
Continue reading “Gen Z, financial nihilism, and why financial education matters more than ever”