re: Gen Z Dumping Retirement Money into Gambling Instead of Actual Retirement Accounts

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They aren’t being educated on how to save and manage money. At any level. You’re expected to graduate, get a job, stick money in a 401k then hope you have enough to retire on when they get there.

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They are being educated, but they’re just not making enough money to actually do those things

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Maybe this is why they can’t buy a house?

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No. They cannot buy a house with a job. So they are gambling to see if they can get on top.


I won’t go into their education choices and how they (we ) paid for it. But there is no hope of owning a home for generations.

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They aren’t being educated on how to save and manage money. At any level. You’re expected to graduate, get a job, stick money in a 401k then hope you have enough to retire on when they get there.

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Every person in this survey had a 401k, plus other investment accounts.

Any person that only had a 401k was excluded from the survey.

Meaning the people in this survey are almost assuredly very educated in investing.

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Gen Z Dumping Retirement Money into Gambling Instead of Actual Retirement Accounts

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..and let me guess, it's the boomer's fault?

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That'll just about cover rent and groceries by then.

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Don't stop at 30 then.

It's very likely GLP1 medications can be used to treat addictions. I listened to the CEO of Lilly in a YouTube interview. He said it is possible GLP1 medications can be used to treat for example alcoholism and gambling. It suppresses the urges for these addictions.

I'd suggest GenZ look into this to handle the gambling addiction problems.

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How about some societal accountability?

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For sure

But we are talking about the first two generations with cell phones as kids and the first two with In-Game Purchase Apps and video games that are essentially gambling for children. Instant gratification and a desire for stimulation has been deeply baked in since they were in diapers

Two things can be true. We are responsible for our own actions and the last two generations were uniquely vulnerable to this kind of thing

It's not gambling if you know what you're doing.

Weak minded people are always going to have their money taken, whether it be gambling, scams, drugs, buy cars they can't afford, drinking or whatever.

How much has it cost you to make that absurd amount of money? You would know, because both are supposed to be declared on your federal taxes.

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Easy access to gambling via sports betting, crypto, etc is really enabling those who lack self control.

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It really just goes to show that most of these “boys” are empty souls who want instant gratification. They don’t want to play the long game; they want to make money sitting on their arse without having to work for it. It reeks of entitlement and laziness which is pretty encompassing of Generation Z.