WSJ Your Money Briefing Millennials Brace for Their Third Recession
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Jun 26, 2025 Millennials are facing a potential third recession, shaped by the 2008 financial crash and pandemic disruptions. The discussion highlights their fears and the lasting impact of these economic events on their financial stability. Personal anecdotes reveal the emotional toll of uncertainty and challenges in today's competitive job market. The episode emphasizes the need for cash flow management and resilience while maintaining a hopeful outlook amid turbulent times.
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Millennial Babysitting Hit by 2008 Crash
- Julia Carpenter shares how the 2008 crash affected her local babysitting business and people tightening budgets.
- She highlights the broad financial impact the Great Recession had on families and millennials' lives.
Jesse's Memories of 2008 Crisis
- Jesse Kramer recalls his senior year during the 2007-08 crisis and his dad watching Jim Cramer.
- He notes how job loss and housing loss during the recession severely impacted families.
Recent Recessions Are Uniquely Severe
- While three recessions in two decades aren't unusual, the scale and disruption makes the last two unique.
- The Great Recession nearly collapsed global finance, and COVID-19 was a rare global pandemic recession.