--- title: "The American dream is ‘very dead’ for young Americans, says Mrs. Dow Jones" url: https://daily.dev/posts/the-american-dream-is-very-dead-for-young-americans-says-mrs-dow-jones-soo9sv6if source_url: https://thenextweb.com/news/mrs-dow-jones-american-dream-dead-millennials-gen-z-gambling type: article source: "The Next Web" published: 2026-06-21T21:02:29.294Z updated: 2026-06-21T21:02:50.592Z tags: ["fintech"] reading_time: 5 upvotes: 1 comments: 1 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # The American dream is ‘very dead’ for young Americans, says Mrs. Dow Jones **[The Next Web](https://daily.dev/sources/tnw)** · 5 min read · 1 upvotes · 1 comments ## Summary Financial influencer Haley Sacks (Mrs. Dow Jones) argues the American dream is dead for millennials and Gen Z, as traditional wealth-building paths like homeownership and stable careers have become inaccessible. US commercial gaming revenue hit nearly $79 billion in 2025, with young adults driving significant growth — 32% of Gen Z and 24% of millennials participate in or are considering sports betting. While Sacks frames gambling as a rational response to economic frustration, research from UCLA, USC, and Harvard links online sports betting expansion to a 10–25% increase in bankruptcy rates among young adults. The piece balances Sacks' perspective with academic data on gambling addiction, regulatory trends, and the fintech industry's blurring of betting and investing language. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Community discussion Top comments from developers on daily.dev. **@springtofigh** · 0 upvotes > It's clear that the difference between generations has an impact on the economy, but the important point is how long the new ways of earning money will last for Gen Z. Beyond any generation, you always need a stable income. ## Similar posts on daily.dev - ["Nobody's making games for the retired people" – The growing yet underserved market for grey gamers](https://daily.dev/posts/nobody-s-making-games-for-the-retired-people-the-growing-yet-underserved-market-for-grey-gamers-0fcizue4u) · GamesIndustry.biz · 1 upvotes · 1 comments - [SA gamblers abandon casinos for phones as online betting surges](https://daily.dev/posts/sa-gamblers-abandon-casinos-for-phones-as-online-betting-surges-toxcvcxnh) · TechCentral · 0 upvotes · 3 comments - [What Gen Z really thinks about the tech world it inherited](https://daily.dev/posts/what-gen-z-really-thinks-about-the-tech-world-it-inherited-jx63fljgj) · TechCentral · 1 upvotes · 1 comments --- Tags: [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/the-american-dream-is-very-dead-for-young-americans-says-mrs-dow-jones-soo9sv6if)