According to one economist on TikTok, many younger Americans are sliding into what she calls “economic nihilism,” as higher costs, shakier early-career opportunities, and a dimmer view of the American dream converge.

When buying a home or following the usual financial playbook no longer seems realistic, riskier spending and going into debt are the logical response.

Here’s what to know

Sarah (@econwithsarah), a creator with a PhD in Economics, argued in a TikTok video that money choices often criticized in millennials and Gen Z are better understood as a reaction to an economy that no longer seems to reward patience. 

@econwithsarah 10/20/2026: OG Video: @Price Match Papi why does the economy feel so hopeless…