It’s no secret that Gen Z has a less optimistic economic outlook than older generations. So, it’s no wonder many of them are engaging in so-called “financial nihilism,” applying a gloomy outlook to their financial mindset, resulting in a new and different take on investing.

Zoomers grew up with smartphones, the internet, and social media during difficult times like the 2008 economic crisis and Great Recession, and the subsequent protest movement, Occupy Wall Street. And as such, they’re disillusioned with traditional ways of doing things, which extends to how they invest and conduct their own finances.

What is ‘financial nihilism’?

First coined in 2021 by Demetri Kofinas, the host of the Hidden Forces podcast, “financial nihilism” is a trend that describes how Gen Z and even some younge

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