After effects of Dot-com crash, Financial Crisis and Covid-19 pandemic

Don’t Hate the Player, Hate the Game

Why Gen Zs are the worst hit generation since World War 2

Gen Zs might be the worst hit generation in the modern times.

Most of them are the way they are because of the cards they were dealt with by the modern world.

Photo by Helena Lopes on Unsplash

Who Is Generation Z (Gen Z) ?

Generation Z (often called Gen Z, Zoomers, or post-millennials) is the second-youngest generation, with Millennials before and Generation Alpha after.

Gen Zers were born between the late 1990s and early 2010s.

Why Gen Zs are the worst hit generation since World War 2

Like millennials in the past who saw the Dot-com bubble burst (2000–2002) and Financial crisis of 2008,

Here’s a list of items Gen Zs have had to face since 2019:

1. Covid-19 era: 2020 stock market crash, Post-COVID stock market boom.
2. Ukraine-Russia war and Israel-Gaza-Iran war.
3. Global high-inflation, high fiscal-deficit environment, mega-stimulus packages injected by government with high printing of money.
4. Crypto boom & busts with many companies like FTX, Vauld, BlockFi, Gemini trust, etc. declaring bankruptcy.
5. Collapse of Banks like First Republic, Silvergate, Silicon Valley Bank, etc including merger of stressed Credit Suisse with UBS.
6. Rise of Right-wing polarization across Europe and the world, similar to what happened nearly 100 years ago with Nazi Party (Germany) and Republican Fascist Party (Italy) after the Spanish-flu of 1918.
7. High unemployment, high education cost and student loan debt, less job security and high lifestyle expenses.

Photo by Karla Hernandez on Unsplash

A Generation of Smartphone addicts!