Youth waste money, refuse to save and live by the old rules. What drives them?

Modern youth are increasingly rejecting the traditional financial model: saving money for a "rainy day," buying real estate, working for decades in one place.

Instead, they prefer to spend on experiences, travel, and personal development. What's behind this change?

Changed priorities

For many young people, freedom, flexibility, and a fulfilling life in the here and now are important. They don't want to postpone happiness until retirement. Travel, hobbies, and psychological well-being are priorities.

Distrust of stability

Economic crises, rising housing prices - all this undermines faith in savings and traditional financial planning. Many believe that savings may depreciate, and working "for the future" is not a guarantee of security.

Digital thinking

Financial literacy among young people is often built on new tools: investments in cryptocurrency, freelancing, startups. They prefer to take risks but react quickly, rather than simply saving money under the mattress.

Social media and consumer culture

Instagram and TikTok create pressure: to be "successful," live beautifully, travel. This pushes spending for the sake of image and status. But it also forms a culture of "here and now."

Young people are not reckless - they're just playing by new rules. The world is changing, and their approach is not a rebellion against the past, but an adaptation to the present.