Gen Z FOMO vs Millennial Overconfidence
Description
Think following the crowd keeps you safe with money? Spoiler: Sometimes the herd may run straight off a cliff. 🐑📉
In this lively episode of Moneywise, Virat (our cautious Millennial) and Rachita (our unapologetic Gen Z) dive into the fascinating tug-of-war between crowd wisdom and individual stupidity, and uncover 3 more biases. From fake “last day sales” to stock market frenzies where everyone is buying the same thing, they unpack why human brains are wired to trust the majority and how that can cost you big.
Get ready for witty banter, sharp digs, and stories you’ll definitely relate to, as we break down:
Herding Bias: Why we feel safer copying the crowd and how that can backfire in investing and spending.
Anchoring Bias: How the first number we see, be it a stock price or a sale tag, messes with our judgment.
Overconfidence Bias: Why thinking you’re “too smart to fail” can actually cost you more.
Stick till the end for practical, easy-to-use tools to spot these biases before they mess with your money moves.
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