What's Happening?
Millennials, who faced the Great Recession, are offering insights to Gen Z as they navigate a challenging job market. Gen Z is entering the workforce amid technological changes, high interest rates, and tariff policies that have reduced entry-level job opportunities.
A Deloitte survey from June 2025 indicates that 48% of Gen Z does not feel financially secure, with over 80% experiencing anxiety about their financial futures. Millennials recall similar struggles during the 2008 financial crisis, which affected their families and job prospects. Despite these challenges, millennials eventually found opportunities as the economy recovered, offering hope to Gen Z.
Why It's Important?
The current economic landscape poses significant challenges for Gen Z, impacting their financial stability and career prospects. The rise of AI and automation threatens entry-level jobs, creating uncertainty about future employment opportunities. Millennials' experiences during the Great Recession provide valuable lessons on resilience and adaptability. Understanding these dynamics is crucial for policymakers and businesses aiming to support Gen Z in overcoming these hurdles. The economic well-being of Gen Z is vital for the future workforce and consumer market, influencing long-term economic growth and stability.
What's Next?
As Gen Z continues to face economic challenges, there is a need for strategic planning and skill development to adapt to technological advancements. Policymakers and educational institutions may focus on enhancing skills that differentiate humans from AI, such as empathy and communication. Businesses might need to reconsider their hiring practices and invest in training programs that prepare Gen Z for the evolving job market. The economic cycle suggests potential recovery, but proactive measures are essential to ensure Gen Z can capitalize on future opportunities.
Beyond the Headlines
The integration of AI into the workforce raises ethical and societal questions about job displacement and the future of work. The disparity between stock market performance and economic realities highlights the need for a balanced approach to economic growth that benefits all stakeholders. Gen Z's financial struggles may lead to shifts in consumer behavior and priorities, influencing market trends and business strategies. Long-term, these challenges could reshape societal norms around work, education, and financial security.
