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over half of Gen Z is moving money from stocks to sports betting in wealth plans

Posted on 8/12/26 at 9:55 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
74670 posts
Posted on 8/12/26 at 9:55 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
46624 posts
Posted on 8/12/26 at 9:56 pm to
Boomers caused this
Posted by chalmetteowl
Chalmette
Member since Jan 2008
55326 posts
Posted on 8/12/26 at 9:59 pm to
No shite, when they’re calling betting “trading” now
Posted by SingleMalt1973
Member since Feb 2022
25099 posts
Posted on 8/12/26 at 10:01 pm to
Posted by Everyday Is Saturday
Member since Dec 2025
2681 posts
Posted on 8/12/26 at 10:01 pm to
Time value of money is the 8th wonder of the world…for all generations! It truly is. Compound that cash generation.

Or gamble it for high today.

Gen Z’s future selves weep and whimper.

Posted by Drydock
Osage County
Member since Oct 2013
9055 posts
Posted on 8/12/26 at 10:26 pm to
Stupidity is the peanut butter in the Reeses cup of youth.
Posted by StringedInstruments
Member since Oct 2013
21057 posts
Posted on 8/12/26 at 10:45 pm to
Sports betting is never part of a “long term financial plan.”

How fricking stupid are we getting?
Posted by LemmyLives
Texas
Member since Mar 2019
17525 posts
Posted on 8/12/26 at 10:49 pm to
The stupid was always there, now it's just not illegal. Fantasy retards. This is what crypto, memecoins, etc. have borne. They're worse than alcoholics.
Posted by tigersownall
Thibodaux
Member since Sep 2011
17194 posts
Posted on 8/12/26 at 10:52 pm to
My ten leg parlay is gonna hit. You just watch. I’m gonna have so much money for millers and fireball this weekend.

Who gives a frick about a 401k
Posted by PGAOLDBAWNevahBroke
Member since Oct 2025
632 posts
Posted on 8/12/26 at 11:01 pm to
Stupid people now have a platform to communicate and spread ideas and stupidity. It used to be you just laughed at stupid idiots and moved on, now they are dictating policy etc.

Tard world
Posted by BWHLSU
Member since Jul 2026
129 posts
Posted on 8/12/26 at 11:11 pm to
Sun God philosophy
quote:

Gen Z is moving money from stocks to sports betting in wealth plans



This post was edited on 8/13/26 at 12:04 am
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78642 posts
Posted on 8/12/26 at 11:12 pm to
It’s a great way to make extra money these days. Online gambling is so accessible and very user friendly.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
74670 posts
Posted on 8/12/26 at 11:15 pm to
quote:

It’s a great way to make extra money these days. Online gambling is so accessible and very user friendly.



Wow
Posted by Vandyrone
Nashville, TN
Member since Dec 2012
8045 posts
Posted on 8/12/26 at 11:40 pm to
Clueless bettors with zero chance of winning long-term. None. The vig is so much higher than during the golden age of sports betting, the early 2000s. But massive marketing and easy of entry has created millions and millions of easy marks.
Posted by dchog
Pea Ridge
Member since Nov 2012
27863 posts
Posted on 8/13/26 at 12:31 am to
That is a good way of throwing your money away.

If I told my financial advisor that I was going to do this she would faint.
Posted by Riverside
Member since Jul 2022
11474 posts
Posted on 8/13/26 at 1:18 am to
A fool and his money…. Story as old as time. Gen Z may figure it out eventually.
Posted by Swamp Frog x
Member since Nov 2024
1098 posts
Posted on 8/13/26 at 1:55 am to
kalshi is advertising all over the fricking place. Was watching YouTube channel yesterday and referred to it as trading in their add read. I just rolled my eyes.
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