Derek Thompson

having maybe spent all four years in college or many of their high school years in schools that were shut down or schools that limited their mobility. So it's not just that they were shaped by the pandemic, they're shaped by the politics of backlash against the pandemic response.

having maybe spent all four years in college or many of their high school years in schools that were shut down or schools that limited their mobility. So it's not just that they were shaped by the pandemic, they're shaped by the politics of backlash against the pandemic response.

And then with the smartphone, what I'm hearing you say is that they're not just shaped by the technology itself, they're shaped by their negative relationship with it. They're maybe more inclined to feel like my life might be better if I weren't cursed with the inevitability of having to deal with these technologies.

And then with the smartphone, what I'm hearing you say is that they're not just shaped by the technology itself, they're shaped by their negative relationship with it. They're maybe more inclined to feel like my life might be better if I weren't cursed with the inevitability of having to deal with these technologies.

And then with the smartphone, what I'm hearing you say is that they're not just shaped by the technology itself, they're shaped by their negative relationship with it. They're maybe more inclined to feel like my life might be better if I weren't cursed with the inevitability of having to deal with these technologies.

Before we move on to investing, maybe just dilate on that a bit, the fact that maybe we think about young people being shaped by the forces that engender them in a positive way, but it can just as easily happen in the other direction, that they're shaped negatively by their formative environments.

Before we move on to investing, maybe just dilate on that a bit, the fact that maybe we think about young people being shaped by the forces that engender them in a positive way, but it can just as easily happen in the other direction, that they're shaped negatively by their formative environments.

Before we move on to investing, maybe just dilate on that a bit, the fact that maybe we think about young people being shaped by the forces that engender them in a positive way, but it can just as easily happen in the other direction, that they're shaped negatively by their formative environments.

Let's look at finance and investing for a minute. The Atlantic's Annie Lowry has written that young people, and young men in particular, seem unusually drawn to novel forms of high-risk betting. They are the largest owners of meme coins, cryptocurrencies. They're the largest buyers of meme stocks. Rates of sports betting are rising.

Let's look at finance and investing for a minute. The Atlantic's Annie Lowry has written that young people, and young men in particular, seem unusually drawn to novel forms of high-risk betting. They are the largest owners of meme coins, cryptocurrencies. They're the largest buyers of meme stocks. Rates of sports betting are rising.

Let's look at finance and investing for a minute. The Atlantic's Annie Lowry has written that young people, and young men in particular, seem unusually drawn to novel forms of high-risk betting. They are the largest owners of meme coins, cryptocurrencies. They're the largest buyers of meme stocks. Rates of sports betting are rising.

I think this ties into one of my favorite Kyla coinages, which you've described as the emergence of Fafonomics, F-A-F-O, Fafo being an acronym for fuck around and find out. What is Fafonomics by your definition? And what makes it a particularly Gen Z phenomenon?

I think this ties into one of my favorite Kyla coinages, which you've described as the emergence of Fafonomics, F-A-F-O, Fafo being an acronym for fuck around and find out. What is Fafonomics by your definition? And what makes it a particularly Gen Z phenomenon?

I think this ties into one of my favorite Kyla coinages, which you've described as the emergence of Fafonomics, F-A-F-O, Fafo being an acronym for fuck around and find out. What is Fafonomics by your definition? And what makes it a particularly Gen Z phenomenon?

What if someone comes along and says, look, I look at the statistics of real income growth, not over the last four years where inflation has definitely warped the picture, but over the last few decades, America's richer than it used to be. Young people are richer by various measures than they used to be. Where does this sense of, or possibly reality of financial nihilism come from?

What if someone comes along and says, look, I look at the statistics of real income growth, not over the last four years where inflation has definitely warped the picture, but over the last few decades, America's richer than it used to be. Young people are richer by various measures than they used to be. Where does this sense of, or possibly reality of financial nihilism come from?

What if someone comes along and says, look, I look at the statistics of real income growth, not over the last four years where inflation has definitely warped the picture, but over the last few decades, America's richer than it used to be. Young people are richer by various measures than they used to be. Where does this sense of, or possibly reality of financial nihilism come from?

There's two themes that you're touching on that I want to be very clear about as I'm hearing them, and it's risk versus attention. So you've pointed out the fact that young people today can look at the economy and recognize that there is more risk in terms of the rising cost of housing.

There's two themes that you're touching on that I want to be very clear about as I'm hearing them, and it's risk versus attention. So you've pointed out the fact that young people today can look at the economy and recognize that there is more risk in terms of the rising cost of housing.

There's two themes that you're touching on that I want to be very clear about as I'm hearing them, and it's risk versus attention. So you've pointed out the fact that young people today can look at the economy and recognize that there is more risk in terms of the rising cost of housing.