"In fact, Gen Z might just be the most risk-averse generation on record. Fewer Gen Zers got a driver’s license, drank alcohol, or had sex as teenagers than their parents did. The same young adults now report skyrocketing rates of anxiety and other mental illnesses, with some estimates finding that as many as 1 in 5 18-to-24-year-olds have been diagnosed with depression. Timidity—not to mention self-conscious neuroticism—is increasingly the norm.
“An ongoing study from Montclair State University argues that some of this risk aversion is due to the current political climate—or perhaps young people’s perception of it. “Gen Z’s mental health has deteriorated due to a worldview that the society and environment around them are crumbling,” writes justice studies professor Gabriel Rubin. “Rights are being taken away, the Earth is burning, maniacs could kill you with a gun, and viruses could shut down society again.””
See also, for counterpoint: https://www.forbes.com/sites/markcperna/2024/06/18/gen-z-thriving-entrepreneurship/
I urge people to please read the article. When you read it properly, you can see that it mentions that Gen Z are emotionally risk averse but says nothing about their risk taking in other avenues like finance, entrepreneurship, career direction, etc.
In fact, the Forbes article clearly shows how Gen Z are taking more risks in entrepreneurship and work related activities.
It seems like the generation may be more willing to take risks when safe at home behind a screen.