We've Destroyed Millennials' & Gen Z's Trust In The System | Kyla Scanlon
Are we risking a 'lost generation'?
I spend a lot of time on this channel talking with seasoned investors with decades of experience, the vast majority of whom are older than I -- oftentimes by several decades.
But I'm no spring chicken.
And I find myself more and more wondering how younger generations look at the world of finance and the economy -- especially with the daunting challenges they face: inflation & the high cost of living, extreme wealth inequality, record high housing unaffordability, AI's threat of mass jobs destruction, $37 trillion in national debt and growing...
How are they feeling about stepping into the financial world they're inheriting?
Is our education system teaching them financial literacy any better than the total failure it had with us?
Where are they getting their financial information from?
To find out, we have the pleasure of speaking with author, economic commentator, and educator Kyla Scanlon, one of the top Zillennial financial influencers. She is widely followed across TikTok, Instagram, YouTube, X and Substack.
For a discussion every Baby Boomer and Gen Xer should hear, click here or on the video below:
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Adam’s Notes: Kyla Scanlon (recorded 6.26.25)
EXECUTIVE SUMMARY:
Younger Generation’s Distrust: Spring 2025 Harvard Youth Poll shows near-zero trust in institutions among young adults, driving speculative behaviors like meme coin/stock gambling and sports betting, reflecting financial nihilism.
Extreme Financial Strategies: Young people adopt a extreme approaches when it comes to investing, with some chasing high-risk bets (e.g., meme coins) and others opting for trade schools to avoid college debt ($1.7T student loans), seeking stable careers.
College ROI Decline: The college wage premium has eroded post-pandemic, with 25% of Harvard 2025 graduates jobless, pushing youth toward
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