For months now, experts have been going back and forth on whether we’ve gone into a recession—and Gen Z and Millennials are torn on what to believe. For as long as they remember, recessions have only ever been major market crashes; Millennials came out of college into the Great Recession, and Gen Z have even told YPulse they don’t remember a time before the recession. Both gens experienced the quick, but intense, COVID crash. Now, as many predict a less extreme recession, young people aren’t sure exactly what to expect. But YPulse data shows that most do think a recession is coming—and many think it’s already happening: Nearly half of young people say a recession is already under way Currently, half Gen Z and Millennials (47%) are currently predicting an incoming recession, but nearly the same amount (44%) say it’s already happening—and have been saying so for a while. Since YPulse first asked in August, no less than 40% of young people have said “we are currently in a recession,” with little...
9/14/22
Personal Finance and Services Report
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