Millennials have lived through economic uncertainty before. They're not nostalgic for more.
Millennials have lived through economic uncertainty before. They're not nostalgic for more.
Millennials have lived through economic uncertainty before. They're not nostalgic for more.
A generation accustomed to financial challenges is dealing with their recession fears through wry TikToks and by swapping cost-cutting suggestions online.
Millennials are worried they are about to experience a “once-in-a-lifetime” recession. Again.
Dire economic downturns are supposed to be rare, but millennials — defined by the Pew Research Center as those born between 1981 and 1996 — have already had several recessions during formative stages of their lives, from the dot-com bubble burst when most were children, to the Great Recession as they entered the workforce after college, to the Covid-19 pandemic when they were trying to settle into their careers.
Once dubbed the “unluckiest generation,” millennials have postponed major milestones during past recessions. A significant slice of them graduated college between 2007 and 2009 and struggled to find jobs, which led them to delay buying homes, getting married, and making major purchases, such as cars. Then, after the pandemic led to another sharp recession, some millennials, contending with student loans and rising costs of living, decided to rethink having kids.
As a millennial, this is part of why I’m seriously exploring the possibility of moving to the EU permanently.
As a non-US person, I can't fathom why anyone would want to live in the US as a life choice. A few years to check it out? Sure. But for life? Hell, no. It offers little and is lacking or very low quality in many essentials the rest of us consider standard. It's like choosing Hard mode without any extra reward or exp for the troubles.
Fuck off! I thought of that first!
This is going to be a depression, not a recession.
Well three recessions should equal a depression. So millennials are good.
The good news is that this isn't a once-in-a-lifetime event. The bad news is that this is a once-in-an-empire event. At least we get to witness a key turning point in the US empire. Pose for the history books!