You have a job working for a charity. 🙃

They're not out-gambling them. The entire retirement system is literally the Boomers gambling that they can skip producing children and burn through their savings like it's going out of style, and still spend 30 years on paid vacation, by printing crazy amounts of fiat money, flipping houses, and buying tech-whatever stocks and Bitcoin ETFs. They have gambled at such exorbitant rates that it's effectively The Entire Economy, and now they're like, "If you didn't eat avocado toast or bet $80 on polymarket, last month, you could also park your SUV in front of your McMansion and bathe in your stock options." Most debauched generation ever lectures us on virtue. Part 12, in a series. Next up: _How we all divorced at 50._

I agree with this, for the most part. Idk. Her perspective seems to be one based on already having accumulated enough generational wealth. Or she's just failing to see the potential consequences of what, even, a short-term gambling spree can do to someone savings. Honestly, i thought she was being semi-sarcastic when she wrote that😅.

Genz gave up. They can't gain wealth traditionally, saving's means nothing. They rent everything. Their apartment is rented, their furniture is still sitting on a 30% apr credit card, both cars are financed and every second of entertainment takes time or money from them. GenZ owns nothing, they know savings has no power. Their work doesn't give them usable benefits or retirement. The best they get is a 401k match so they max that out and call it a day. If they save every dollar at the end of the month in a 10 years they can make a $80k down payment on a 40 year mortgage (just became popular in my area) and continue to rent but possibly someday they can make some tiny amount of money back on that $500,000 2 bedroom 1 bath 1960s home. They're hoping to hit the lotto because they don't have any other chance of getting out. My friends are just defeated. They know they will be working until they die so I think they just want to take a chance while they can still afford to. This is devils advocate. Yes gambling is an addiction and I've known some who have it bad, but plenty just throw $100/week at the lotto, scratch offs or kalshi, and go to bed.