Gen Z didn't believe anything they were told to begin with, because while Millennials grew up in the 90s and early 00s and got some optimism in our culture, America has been a polarized, rapidly-changing nation for pretty much all of Gen Z's time.
The tl;dr I'd say is: "Millennials had our expectations dashed, and Gen Z didn't build up the expectations to begin with."
(Note that I'm not commenting on whether this rapid change is good/bad/malicious/whatever. Just that how we've planned for and lived our lives has changed a lot in the last 15 years.)