Reddit skews very young, and I think things are harder for youth. The older generation has seen their housing values explode over the last decade, same with their retirement accounts. Many are “paper rich”.
Younger people aren’t established, they see high housing prices and feel the “American dream” was stolen from them. They see the current market values, and think they “missed out” on the rise. After all, will we see another decade of this kind of prosperity? Could be a kind of FOMO.
I do agree that stepping away from social media is important. Reddit has a lot of folks with a victim mentality (victims of “the system” - represented by capitalism), and that idea is easy to cultivate in oneself. It has a kernel of truth, but I think people ruminate and it doesn’t do any good.