Warning signs of a recession have been flashing for months.
Millennials are all too familiar with the economic impact of recessions.
So I posted a TikTok about how awful recessions are and got some...surprising responses from Gen Z.
There are two main differences in how millennials and Gen Z see recessions:
For Gen Z, this could be their first major recession while in the workforce. And true to their generation, many of them have a decidedly different approach to it than many millennials.
Key Difference #1: Many Gen Z'ers Want a Recession
A recession feels like a chance to reset.
"We know it’s bad for everyone, we’re just sick of being the only ones who [can't] afford to live. Restart for everyone from an even playing field," said Tee...Lex in response to my TikTok.
Gen Z is also very aware of how much harder it is for them to reach milestones that their parents and grandparents had access to. It's hard to buy a house when prices in some markets have risen by 16% in a single year, but income hasn't.