Ed Elson

I'm not seeing much positive in any of that, but I think that it is a really good question that highlights something that probably deserves more airtime in the young people conversation.

And after this, I will be checking out that airline.

So I'm looking at our second question, and it kind of relates to what we just discussed.

This comes from Instagram user Alan Davidson.

Alan asks, quote,

This is interesting because it's, I mean, it really relates to what we just talked about, where if young people are out buying avocado toast and lattes, I feel like boomers immediately go, well, you can buy avocado toast, so you're fine.

Everyone's fine.

The first thing that comes to mind for me is like whatever avocado toast sales are, that would be a misleading economic indicator of what's really going on.

But the one that bugs me right now is this interest that people have, and it's true, that more young people than ever before are investing in the stock market.

Like it's something like half of us...

today, half of Gen Z, which is a record high.

And then also like young people today are investing way earlier than other generations did.

So it's like, okay, you guys have some money and you're interested in stocks.

Therefore you're good.

Like you're in good shape.

And for me, this frustrates me because I feel like it ignores two really crucial things.

One of which is how much are we actually investing and

And the answer is it's really not a lot at all.

Like, if you look at Robinhood, as an example, which is where most young people are trading, the average account balance is less than $250, which is tiny.

So, sure, we're investing, but we're not investing in a way that's meaningful, most of us, or at least on average.