Here's your money briefing for Thursday, June 26th.
I'm Julia Carpenter for The Wall Street Journal. 2008. 2020.
These recessions cast a long shadow over millennials' financial lives.
And now the prospect of a third recession looms large.
Yes.
There have been times before when there's three recessions in a 15, 20 year period.
However, to have two of those three just be so consequential, not only economically,
but consequential just to the way that people live their day to day lives,
that I think is pretty unique.
That's Jesse Kramer,
a 35 year old relationship manager at Cobblestone Capital Advisors in Rochester, New York.
Jesse and I are both millennials.
We were just young enough that we weren't job hunting between 2007 and 2009,
but the 2020 recession hit exactly in time to decimate the start of what were supposed to be our high earning years.
And now, in the midst of the Trump administration's trade war, stubbornly high grocery prices,
and a rougher than usual job market, we millennials are staring down yet another possible recession.
And I'll be honest, I'm terrified.
And remember, two negative quarters is how we traditionally define a recession, okay?
So it's not good.
We are worried that we are going to slip into a recession as we get into the summer.