Generation Z is preparing to follow in the footsteps of older millennials, and that's not a good thing. As the nation enters into an economic tailspin, the eldest members of Gen Z are set to graduate into a recession predicted to be worse than the one in 2008, which saw millennials reach peak unemployment levels of 20% to 30%, reported The Atlantic's Annie Lowrey.
The impact of graduating into a recession is generation-defining and causes a domino effect of negative consequences. For starters, those who graduate into a recession are forced to deal with higher than average rates of unemployment, lower starting salaries, and lower wages for years, Business Insider previously reported. These early career road bumps can cause a lengthy stagnation in socioeconomic prosperity lasting as long as 15 years.
"We find that cohorts coming of age during the deep recession of the early 1980s suffer increases in mortality that appear in their late 30s and further strengthen through age 50," the authors of the NBER study wrote. "We show these mortality impacts are driven by disease-related causes such as heart disease, lung cancer, and liver disease, as well as drug overdoses."
And the effect isn't purely economical: Both studies found that this cohort of recession graduates were less likely to be married, more likely to be divorced, and more likely to be childless.
As expected, many Gen Zers are afraid of what will come next.
Next Story
Delhi Police fires tear-gas shells on farmers near Akshardham temple and Sanjay Gandhi Transport Nagar
Next