Lady Gaga, Low-Rise Jeans, and the Next Recession

Lady Gaga、低腰牛仔裤,以及即将到来的经济衰退

The Journal.

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2025-05-24

20 分钟
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Economists have long analyzed data to predict the next recession. They’ve also turned to more offbeat economic gauges like underwear sales and skirt lengths. But now, the TikTok generation is seeing recession indicators everywhere. WSJ’s Hannah Erin Lang explains what Gen Z’s fascination with harbingers of economic doom might actually mean for the economy. Jessica Mendoza hosts.  Further Listening: - Is the Economy… OK?  - Trump 2.0: Where Is The Economy Headed?  Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • What do Lady Gaga, flash mobs, and low-rise jeans have in common?

  • They're all things I thought were cool 15 plus years ago.

  • They're also back, not just as trends,

  • but as harbingers of doom, or what young people are calling recession indicators.

  • There's a million recession indicators,

  • but my number one right now is how many A-list celebrities are doing commercials.

  • People brought tickets to Coachella a week before Coachella.

  • Which is crazy.

  • That's a recession indicator.

  • Opening Instagram like, damn, everyone got their master's degree this year.

  • Congratulations, but also recession indicator.

  • I've just searched recession indicator on TikTok.

  • I mean, there's dozens of videos.

  • Our colleague Hannah Aaron Lang writes about financial markets.

  • And she became fascinated with the idea that Gen Z is looking for economic insight in unexpected places.

  • There's a video with the caption, recession indicators you may not have noticed.

  • My top five recession indicators.

  • Oh my gosh.

  • Recession trend predictions, the biggest recession indicator.

  • And these are all just from like, these are not, you know, news anchors or news outlets.