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'Yahoo Syndrome' is liquidating Gen-Z’s future. REMMY NWEKE explores in this edition of WeekendDigits@ITREALMS, how the chase for extractive "Quick Wealth" destroys mental health and human capital, trading a generation’s long-term potential for fleeting, "loud" consumption.
In the traditional playbooks of personal finance, wealth was historically viewed as a 'slow-burn;' a mountain built one stone at a time through decades of compounding interest, labour, and "staying the course." However, for Gen Z, the digital natives of the 2020s, that mountain has been replaced by a high-speed elevator. In Nigeria, this shift has birthed a dangerous social contagion: the "Yahoo Syndrome."
This is not merely a local phenomenon; it is a localized adaptation of global predatory "fast wealth" tactics. Yet, its cost is devastatingly unique: the systematic liquidation of the mental health, moral character, and future productivity of a generation.
