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.
I hope they realize this is different.
The world is selling off our debt and the bleed out has begun.
This is the loss of the world’s reserve currency status. This is waaaaayyy beyond what they have ever experienced and will ever experience.
I’m willing to bet the euro will take its place.
As a millennial, this is part of why I’m seriously exploring the possibility of moving to the EU permanently.
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!
Millennials were fucked repeatedly by the economy and still are and now other generations. But nah let’s let these boomer assholes just destroy everything and turn the country into a giant trailer park of inbreds.
I just want a fucking house and freedom to live as I please
Security has been the one thing I’ve lacked my entire life. I haven’t lived in any location for longer than 4 years ever, even in childhood… I’m so fucking sick of moving and not having a “home.”
The way things are going though I’ve completely given up on it. I’ve been single for almost a decade now and house prices have gone so absurd that there’s no way I’m doing it on a single income.
Yeah, we were going to start looking in earnest next year if things looked positive.
Now my downpayment funds are looking like a “flee the country with my naturalized citizen spouse” funds
Have I mentioned I still can’t afford a house? K. Thx
I remember the OPEC oil crisis. This is not like any of the recessions I’ve lived through so far.
This’ll be closer to the collapse of the Soviet Union, when living in said union.
When the housing crisis occured I remember having to find a job in that market. It took me close to 5 years to “recover”. It sets you back when almost everyone you know can’t get a job.
This time around there’s real talk from industry leaders to just have AI do intelligent work. It does not really matter if they can if the elites just want to burn their money and not pay anyone. The money gets siphoned up not spread around this way. At least it feels like it.
Because of the last couple of world changing events, the family has been getting pretty good at canning, food saving, water saving, and knowing our community. It helped out last two times things went to shit.
Cant say mellinials didnt vote for this. Basically a 50/50 vote between Trump and Harris.
So… an equal amount specifically requested the opposite of this? If you can’t say they didn’t vote for it, then by the same measure you can’t say they didn’t vote against it.
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This is an exit poll, not real numbers from the election.
Considering that Harris won the groups both 18-29 and 30-44 years of age (the two that include millennials), I’m not sure what your point is. Seems to me like they didn’t, in fact, vote for this.
I’m pretty sure a lot of us don’t want to live… Like at all.
This, when you literally have nothing, no house, crap car, what’s health insurance? Assets, investments, or any type of security that has interest for the seeable future, in relation to the infrastructure of our economy regarding most of what we get from our paycheck. Add inflation to most things, what in the hell is a savings account? And then cost of living, food prices and just barely the necessities and sustainability within the human life to attain just the basic needs. I mean damn we are not asking for much. Then you get several out comes, passiveness, passive suicide ideation, suicide, suicide ideation, nihilism (my favorite), and last apathetic. Because it’s not like we have anything to loose because we couldn’t ever afford to, to begin with. You either are a nepo/trust fund baby who was born into wealth, or you are poor like the rest of us in our generation. I mean shit how many screwed up world wide event of an economy crashes did we live through? So this comment is so real and so relatable.
Ive read this title a few times now over the last ten years. It’s not millenials, it’s rich vs poor. All generations get fucked by the rich and all generations don’t want to live through hard times because of what’s obviously being caused by the pricks in charge of things.
I heard scrap mining electronics from the 2000’s is quite the rage.
Nah the rage is just the heavy metals toxicity
Still healthier than the metal industry.
This is a fluff peice to tell people they are passive and don’t need to shoot or stab oligarchs in self defence.
https://m.youtube.com/watch?v=fXmesegG-Bo
(luckily it’s easy to stop being rich)
Reformists can keep calling their representatives and organizing to support election voracity and voting rights ig. But like maybe do it more or harder than before? thx!
I plan to Die at 50 so eh.
I wonder how many millenials have that same exit plan.
WTF? Only Gen Y lived through these things?
Nah. This time they can’t blame the boomers for it.
You will be the same. The boomers where once hippies.
