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The coronavirus pandemic could completely derail the careers of Gen Z — and they might end up a lot like older millennials
Some of the oldest members of Generation Z are set to graduate into a possible recession, as the coronavirus pandemic continues to disrupt the economic outlook of the US.
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Some of the oldest members of Generation Z are set to graduate into a possible recession, as the coronavirus pandemic continues to disrupt the economic outlook of the US.
- If Gen Z does graduate into a recession, they could find themselves on the same financial path as older millennials, who are expected to be the first generation that is worse off financially than their parents.
- “Social distancing” — like what is happening now as a result of the coronavirus pandemic — actually has the possibility of creating 15 million jobs in the next decade.
- Business Insider’s Taylor Nicole Rogers previously reported that Generation Z is expected to be disproportionately affected by coronavirus layoffs. Nearly a third of Gen Z workers have already reported being put on leave by their employers, compared to just 13% of older workers between the ages of 35 and 54.
- An April 2019 Stanford study found that students who graduate into and start working in a recession often have to contend with higher unemployment rates and lower starting salaries, causing a stagnation in economic prosperity which can linger for 10 to 15 years.
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