Read and answer the questions:

Millennials are giving Gen Z advice for their first potential recession

Many of the generation were young adults when the Great Recession began, and to this day, they struggle to buy homes and pay off student debt. Now these jaded millennials are sharing their wisdom with Gen Z on TikTok, posting preparation tips and no-buy lists to ease the minds of young people who could be entering their first major recession as adults.President Donald Trump’s whiplash-inducing policy changes have everyone warning about dire consequences for the US economy, from Fed Chair Jerome Powell to Goldman Sachs analysts. The Trump administration’s tit-for-tat escalation in the global trade war could lead to a recession for both the US and the world this year, JPMorgan said this month. It comes during an already unprecedented string of events for young people — people in their early 20s are earning less and have more debt, already battered by the Covid-19 pandemic and an onslaught of inflation.

So, the United States might not be in a recession right now, but its youngest working adults are still anxious — and seeking advice from their older peers. When scrolling through TikTok, Sasha Whitney, 37, noticed Gen Z users shared the same feelings over an impending recession: “downtrodden, frustrated, very bleak and hopeless about the future.”

It’s a stark difference from when Whitney graduated from college in 2009 during the Great Recession, before social media became as pervasive and when Barack Obama, who ran his campaign on the concept of hope, just took office.

(https://edition.cnn.com/2025/04/27/business/millennials-genz-recession-advice/index.html)