Gen Z Investor: The AI economy is TRAPPING young investors

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.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS:0:00 - Invest less, spend more2:44 - Retirement vs. cheap thrills3:36 - Increase income, not savings5:49 - Can young people afford anything?8:33 - Sports betting11:30 - Prediction markets12:03 - Stage-specificity of life18:15 - Boring investing for Gen Z21:08 - Comparing yourself to outlier winners23:04 - Status games26:55 - Trading SPACs34:23 - Young Money