"Imagine this: Just as a new generation enters the job market, a crisis rocks the world and permanently alters the economic landscape, forcing the young people starting out on their career journeys to learn the new rules of a different era. For both millennials and members of Gen Z, that description may hit close to home. Both generations were smacked with global turmoil right as they were launching their careers."
"For millennials like myself, there was the financial system's implosion in 2008. Our parents lost houses, we lost our college funds, and graduated into the worst job market in at least half a century. For Gen Zers, it was a pandemic. COVID wrecked many of your college years, and sky-high inflation ate into your meager student budgets. Now, you're out in the real world, right as the pool of entry-level jobs starts to dry up, thanks to technological change, high interest rates,"
Millennials faced the 2008 financial implosion, losing homes and college funds and graduating into the worst job market in decades. Gen Z experienced pandemic disruptions, interrupted college years, and sky-high inflation that eroded student budgets. Entry-level opportunities are shrinking due to technological change, high interest rates, and tariff policy. Historical parallels include Gen X's experience of 9/11 and the tech-bubble collapse and baby boomers' 1970s inflation and high interest rates. A June 2025 Deloitte survey finds 48% of Gen Z do not feel financially secure and more than 80% report anxiety about their finances. Resilience and historical perspective can help navigate these challenges.
Read at Business Insider
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