Small investors, using digital trading apps and the Reddit board r/WallStreetBets, have disrupted the stock market and revealed their potential power to destabilize the financial industry. Meanwhile, public reaction has emphasized ongoing distrust and dislike for the financial elite.

The CEOs of Reddit and Robinhood have been called to Congress to testify in a hearing into the GameStop frenzy. After the platform temporarily ceased the trading of GameStop stocks, the hearing is poised to put Robinhood’s claims of ‘democratizing finances for all’ under the spotlight.

Rising unemployment and ample time to spare led to a surge in stock trading among Gen Yers and older Gen Zers in 2020. Yet while the likes of Robinhood, Stash, and E*Trade have made it easy to participate in this once-opaque market, could simplified investing apps do more harm than good?

The Financial Gym sets its members up with personal trainers and clearly defines plans to get their relationship with money back on track. In the wake of the pandemic, its approach is more relevant than ever.