Gen Z's Investing Attitudes: A Divided Perspective, as Explained by Kyla Scanlon.

Younger generations are showing a concerning trend in their investing outlook, according to economic commentator Kyla Scanlon.

She stated on CNBC's "ETF Edge" that the world is divided into two distinct parts.

Scanlon, 26, who gained fame through her social media videos on the market and economy, discussed why some members of Generation Z are taking a more aggressive approach to saving for milestones like retirement, while others are taking a more relaxed approach.

"On one hand, there are individuals who are fully contributing to their 401(k)s and taking proactive steps towards retirement planning. On the other hand, there is a growing trend of financial nihilism among some people who refuse to save for the future, including retirement."

Scanlon aims to unite Gen Z's differing financial perspectives through her new book, "In This Economy? How Money and Markets Really Work."

Giving people the tools they need to start with financial education, despite the challenges of money being a personal subject, is crucial, she emphasized.

The National Association of Realtors' recent report shows that Gen Zers accounted for only 3% of total home buyers in 2023, which Scanlon attributes to higher interest rates.

""The younger generation definitely wants homeownership because it offers financial benefits, but people are struggling to determine how to achieve it financially, given the current mortgage rates and home prices," she stated."