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While the stock market crash sent baby boomers into panic mode, Gen Z was grabbing the popcorn and sharing their plans to get rich. “Forget about the Sephora sale… the entire stock market is on sale right now,” one excited 24-year-old shared on TikTok. Meanwhile, a 22-year-old shared how she made $42K in less than an hour thanks to the volatile market.
The world’s stock markets tanked late last week in response to President Donald Trump’s new tariffs—and baby boomers watched in horror as their dreams of a comfortable retirement briefly went up in flames. Although their Hail Mary’s were answered yesterday, with a 90-day pause on select tariffs, in Trump’s own words, “Nothing’s over yet.”
And Gen Z is here for the ride.
In fact, TikTok was rife with young people sharing excitement over their losses and what the market volatility could mean for their long-term wealth.
“The entire stock market is on sale right now,” the 24-year-old content creator from New York @pipercassidyphillips posted to her channel.
“Forget about the Sephora sale, which is going on right now. The whole stock market yesterday had the biggest single day crash since 2020, which means this is a good time to buy because things are literally on sale. They are cheaper.”
“So this is just your general PSA that if you’ve been sitting on some money that you want to invest, this is the time—I’m doing it,” Piper Phillips said, adding that she consulted ChatGPT for financial advice before investing cash towards her retirement.
“So I will be hitting up the Sephora sale, but I’m going to be prioritizing the stock market sale first.”
Unlike those in their 60s and 70s who are planning on retiring soon, Gen Zers can withstand the current volatility—and they know it.
Take 24-year-old Mia McGrath for example. Despite having lofty goals to retire by 40, she shared her nonchalant approach to the market’s ups and downs.
“The market is in a bit of a downturn right now, and people are panicking,” she posted in a recent TikTok video. “People’s reaction in a situation like this is to sell, sell, sell, but you have to buy low and sell high. That’s just the way the stock market works.”
Although her stocks were down £5,000 (about ¢6,500) at the end of last week, the London-based account manager wasn’t worried.
“The market has a 100% recovery rate,” she added. “So yes, there have been instances where it hasn’t fully recovered from a crash for 15 years, but that’s why I always say that investing is for the long term. You have to have the next few decades in mind.”