| FP Generation Z is coming of age at a particularly difficult time. Zoomers, as they’re known, are aged between 13 and 28 and have already lived through a global financial crisis, a historic pandemic, and several wars. Now, many of them confront an entry-level job market muddled by advances in AI. According to a recent Harvard University poll, more than 40 percent of Americans under age 30 admit they are “barely getting by” financially; fewer than one in five trust the federal government to do the right thing; and just 15 percent believe the country is headed in the right direction. According to Kyla Scanlon, a 27-year-old author and commentator who has been dubbed the “economic advisor to Gen Z,” there’s a feeling of nihilism among young Americans today. “There’s this element of, ‘I don’t really believe in the future. I don’t think I have a financial future. I don’t believe I’m going to be able to retire,’” Scanlon said, speaking on FP Live. Has U.S. President Donald Trump cottoned on to the nihilism of America’s youth? “Not only is Trump promising to blow things up, but he’s also wildly entertaining and funny,” Scanlon said. “A young person prone to elements of financial nihilism might feel tapped out of the system. So you have this perfect package. People will rally behind this guy; he’s entertaining, he has a good social media presence, and they don’t care what happens because nobody’s given them a chance.” |
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