INTERNET — A recent survey reveals that the majority of young Americans now include being selected as a contestant on the Mr. Beast Challenge as an important part of their financial plans.
“That’s the norm at this point,” Mia Thompson, 22, said as she scrolled through Mr. Beast’s YouTube channel for the third time that day. “I mean, who needs a 401(k) when you have a chance to win his private island just by standing in the circle for 100 days? It’s like he wants you to win.” It seems there is.”
The report states that many in this demographic are seeing traditional financial planning methods, such as saving, investing, and even becoming part of the Bitcoin hassle crowd, as outdated and can be benefited by participating in Mr. Beast’s viral YouTube challenge. He emphasized that he believes the effect is low compared to the opportunity to make money. .
“Every time I watch these videos, I see ordinary people like me being handed briefcases or duffel bags full of cash. Why waste time with a savings account?” Tyler Evans, 24, said he spends a good portion of his day brainstorming strategies to appear in Mr. Beast’s videos. “I considered whether I could blind myself and get in touch with him. Do you think I should do it? Okay, I’m doing it.”
However, financial experts are concerned about the feasibility of financial strategies based on this YouTube challenge.
“Relying on the games of YouTube influencers for our financial security is frankly alarming,” said Dr. Helen Rodriguez, an economics professor at Georgetown University. “These young people should follow in my generation’s footsteps and buy a house for $50,000 and let it go up to $1 million. It’s no big deal.”
As of this writing, “buy now, pay later” companies are considering offering ways for young people to spend the estimated income they earn from Mr. Beast before a competitor picks them up. was doing.
