Sweated by a great recession, they advise with how to survive what is coming

“Pays make at home instead of at a manicurist, prepare shopping lists, whether for everyday or for the bigger ones and live with life that you like, not your followers” – these are advice that millennials give to the zeths in social media to survive the recession like the one they already have from 2008.

“This is the second recession in my life, including both world” could say millennials who came into adult life in the shadow of the 2008 crash. They observe the dramatic statements in the social media of their younger colleagues from the generation who clearly break in fear of the crisis.

They should not be surprised – after all, the unpredictability of Trump's policy and his administration meant that everyone – PD President of the Federal Reserve Jerome Powell after Goldman Sachs analysts – warn against serious consequences for the US economy. JP Mogran wrote clearly in one of his messages: “The escalation of the trade war can lead to recession both in the US and in the world.” This means that people 20+ who earn little, have a lot of debts (including deadly student loans) and barely what they stand on their feet after the Covid-19 pandemic, begin to chase their own economic tail.

“We not only survived, but we also partyed”

In thickets, shared by Zetki, a sense of frustration, torment and hopeless future breaks through. They also look at their peers, who provide foreign trips, shopping of luxury items or rolls from the next Taylor Swift concert on their profiles. “This is a completely different recession experience I was dealing with,” says Saha Whitney cited by CNN News. The 37-year-old entered adulthood during a great recession, when Barack Obama based his presidential campaign on the concept of hope.

@thesashawhitney How the Vast Majority of Millennials Survived the Great Recession is actually quite simple and may help some gen Z. #millennialsoftiktok #millennial #greatreation #recession #survivingtherecesion #forthegirls #Your20s ♬ Original Sound – Sasha W✨follow on YouTube & IG

“We were rinsed like that, we had problems,” says Whitney. – At the same time, however, we did not try to match anyone in social media – he adds. Other representatives of her generation follow: “You want to know how we survived? We were too party and on gas to see anything” – another one is jokes. “We slept after 10 in the hotel room, we didn't need clothes for discos, because we came there straight from low -burned work, and we used the drugstore testers for makeup. We didn't pretend to be the rich, only we all celebrated our misery. The future seemed to be confused that we didn't pay attention to it.

A few tikot tips from millennials

Whitney points out that first of all, you should cut expenses, even if it means entering your parents back. What else? Belongs:

• take an additional job, if it comes,
• Remove payment platforms, i.e. after Pay. Give up the “buy now, pay later” option,
• cancel subscriptions, and those that you can share, share your friends,
• live as needed, not trends,
• Do not compare yourself to others on social media.

And above all – reduce expenses. The most difficult, as CNN News suggests, for Zteks is “cuts of pleasure”, i.e. going to a restaurant, a beautician or hairdresser. Instead, you should order tips on Amazon and ask for a less demanding hairstyle.

Such fear of recession can be a good time for self -reflection: what do I really need and whether I have a sufficient savings pillow – says prof. Simon Blachard from the University of Georgetown. – People tend to cut entire categories of expenses, although it can be replaced by a reduction in the level of financing for each part of life – he adds. As Ekpert explains, the financial problems of 2008 are fundamentally different from those present. As he explains, the costs of maintenance have gone up significantly, and the two -month Covid recession does not correspond to what can come.

***

Pop culture and money at Bankier.pl, So a series about the finances of “last pages of newspapers”. Facts and rumors under the top of the secrets of the polyszynela. We look into the famous and rich wallets, behind the scenes of loud titles, under the packaging of the hottest products. What amounts are behind HBO and Netflix hits? How do Windsors monetize Britishness? How much is accommodation in the most haunted castle? Is it worth investing in Lego? To answer these and other questions, we do not hesitate to look at Reddit

ed. aw

Source: