Gen Z Investor: The AI economy is TRAPPING young investors

<p>Jack Raines is the author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." He joins Phil Rosen on Full Signal to discuss why young people should spend more and invest less, the pull of sports betting and prediction markets on Gen Z, how he turned $6,000 into $400,000 trading SPACs, and why housing costs sit underneath most of this generation's anxiety.</p><p><br></p><p>This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/</p><p><br></p><p>Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe</p><p><br></p><p>Follow Phil on X: https://x.com/philrosenn</p><p><br></p><p>Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/</p><p><br></p><p>TIMESTAMPS:</p><p><br></p><p>0:00 - Invest less, spend more</p><p>2:44 - Retirement vs. cheap thrills</p><p>3:36 - Increase income, not savings</p><p>5:49 - Can young people afford anything?</p><p>8:33 - Sports betting</p><p>11:30 - Prediction markets</p><p>12:03 - Stage-specificity of life</p><p>18:15 - Boring investing for Gen Z</p><p>21:08 - Comparing yourself to outlier winners</p><p>23:04 - Status games</p><p>26:55 - Trading SPACs</p><p>34:23 - Young Money</p>