In today's economy, your financial reputation is a currency more valuable than money itself. But imagine the absurdity: to gain this reputation, you must already have... a reputation! Welcome to the world of financial ageism — a system where young people have become victims of a cyclical absurdity worthy of Kafka's pen.
While silver-haired bankers in $5,000 suits pontificate about "financial responsibility," millions of young people are cornered by a paradoxical system that demands the impossible: "Prove you deserve credit by already having good credit." It's like telling an unemployed person: "We'll hire you when you show us experience working for us." A pure Catch-22!
While traditional financiers condescendingly explain that this is "protection against risks," the reality is much more cynical — it's the systematic exclusion of an entire generation from an economic game whose rules were written by people who bought their first homes for the price of a latte in today's money.
Systemic Trap: How the Financial World Punishes Youth
Ask any millennial or zoomer about their relationship with financial institutions. In response, you'll get a mixture of nervous laughter and desperate sighs. The banking system has created a perfect discrimination machine that justifies its bias with "objective algorithms" and "statistical data."
Consider the classic example: a 22-year-old university graduate, educated, promising, with a job offer. He tries to get his first credit card. And what happens? "Sorry, you have no credit history." How to get one? "Take out a loan." How to get a loan? "You need a credit history." And so it goes in circles, like a hamster on a wheel on steroids.
Financial gurus will seriously advise: "Start with a secured credit card." Translated into human language: "Give us your money so we can allow you to borrow your own money with interest." Brilliant! There's no better way to tell young people: "We don't trust you one bit, but we're happy to profit from your desperation."
In this financial gerontocracy, creditworthiness assessment algorithms were created by people who bought homes for a year's salary, not 10-15 years of credit slavery. No wonder these systems view youth as a financial leprosy to be kept at a distance.
Credit Paradox: Solvency Without the Right to Be Solvent
A recent study showed that 61% of banks refuse loans to people under 25, even if their income significantly exceeds the required minimum. The reason? "Insufficient credit experience". And 73% of young people report being refused rental housing due to lack of credit history. Notice the vicious circle?
The irony is that Generation Z is one of the most financially literate in history. They grew up during the financial crisis of 2008, watching their parents lose homes due to subprime loans invented by the very same banks that now deny them basic financial services.
Once I asked a banker: "Why don't you consider other factors of solvency for young people?" The answer was poetically cynical: "Our algorithms work with what can be measured." So, if you paid rent on time for five years — it doesn't count. If you pay all bills without delays — it doesn't count. If you've accumulated savings showing financial discipline — it doesn't count. But if you took out a loan and repaid it — that's a real "measurable" indicator!
This creates an absurd situation where young people are forced to take loans they don't need just to prove their creditworthiness. "I took out a loan for a laptop, even though I had the money for it, just to start a credit history," a 24-year-old programmer told me. Welcome to a world where sensible financial behavior is punished and artificial indebtedness is encouraged!
Psychological Terror: The Emotional Cost of Financial Rejection
Behind the dry numbers of rejections lies a real psychological trauma of an entire generation. "Every time I get rejected, I feel like a financial pariah," confesses 27-year-old Anna, who despite a stable income and no debts, cannot get a mortgage.
According to a recent survey, 68% of young people aged 18 to 35 experience severe stress when interacting with financial institutions. And 42% postpone important financial decisions due to fear of rejection. This is no longer just an economic problem — it's a public mental health issue.
Just think about it: a generation that grew up in an era of endless war, economic crises, and planetary ecological catastrophe is also stigmatized as "financially irresponsible." That's like calling the passengers of the Titanic lazy for not learning to walk on water!
Young people are in a state of constant financial schizophrenia: society demands independence from them but denies them the tools to achieve it. "Buy real estate, don't rent," financial experts advise, forgetting to add: "But first, find a time machine and be born in the 1950s, when a house cost three annual salaries, not fifteen."
Technological Breakthrough: How the Young Generation Bypasses Financial Ageism
But youth wouldn't be youth if they hadn't found a way around this outdated system. The revolution of decentralized finance (DeFi) and cryptocurrencies was largely driven by frustration with the traditional banking system.
"If banks don't want to serve us — we'll create our own banks," is the motto of the new financial movement. And these aren't just empty words. P2P lending, crowdfunding, cryptocurrency ecosystems — these are all tools that allow bypassing the traditional gatekeepers of the financial world.
Take, for example, blockchain technologies, which build credit reputation based on real transactions and behavior, not archaic models of "credit experience." Decentralized platforms evaluate you based on how you actually handle money, not how much debt you've accumulated.
Credit unions and community banks are also experiencing a revival among youth. "We're tired of asking permission to be financially active," says a 29-year-old fintech startup founder. "We're creating a system where youth is an advantage, not a disadvantage."
Traditional financiers look at these innovations with a mixture of condescension and fear. Condescension — because "these kids don't understand the real risks." Fear — because deep down they realize: the new generation is not just bypassing their systems — it's building their replacement.
Revolution is Inevitable: DeflationCoin and a Future Without Financial Ageism
But what if there's a solution that doesn't just work around the problem, but completely rethinks the very concept of financial reputation? Imagine a system where your financial value is determined not by how much debt you've accumulated, but by how wisely you manage your assets.
This is where DeflationCoin enters the stage — a revolutionary cryptocurrency with a unique approach to financial inclusion. Unlike traditional financial instruments, DeflationCoin doesn't discriminate based on age or credit history. Instead, it rewards financial discipline and long-term thinking.
Thanks to an innovative mechanism of reverse inflation, DeflationCoin creates a system where each coin becomes more valuable over time, rather than devaluing. This turns the logic of traditional finance upside down, where your savings inevitably lose value due to inflation, forcing you to take risky loans to acquire assets.
For the younger generation, DeflationCoin isn't just an alternative, it's financial liberation. Instead of years of struggling for a "credit rating," you can immediately enter an ecosystem where your financial reputation is built on transparent and fair principles.
Perhaps it's time to recognize that financial ageism isn't just an injustice. It's a symptom of an outdated system clinging to power in the face of inevitable change. And while traditional banks continue to push away an entire generation, innovations like DeflationCoin are paving the way to a more equitable and inclusive financial future, where age is just a number, not a sentence.