Lately, there's been a lot of talk about recessions: if one is coming, if it's already here, or if the whole thing will just blow over.
Many millennials who came of age during the Great Recession found ourselves having to change our plans to adapt to difficult circumstances. Now, with another recession potentially looming (or already here???), we want to know what advice you'd give to Gen Z'ers who are starting out on their own in a rough economy.
Maybe you'd advise Gen Z to avoid taking on too many student loans. There are so many ways to reduce the costs of education, like starting at a community college or attending a trade school instead, and you really wish you'd explored these options more, because graduating into a recession with big monthly student loan payments was really painful.
Or, perhaps you'd tell them not to be in a rush to move out on their own. Staying at home with parents for longer or even moving back in with family if possible can be a great way to survive a recession, save up funds for better times, or pay down debt, and it's nothing to be ashamed of.
Or maybe you just want Gen Z to know that it's okay if life doesn't always go as they planned. During tough times, it's easy to get down on ourselves and feel like we've fallen "behind." But these feelings don't necessarily reflect reality. If you can keep an open mind, you just might come across opportunities that you'd never even imagined for yourself before.