Gen Z's careers could be derailed like millennials' if recession hits - Business Insider

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The coronavirus pandemic could completely derail the careers of Gen Z — and they might end up a lot like older millennials

found that students who graduate into and start working in a recession often have to contend with higher unemployment rates and lower starting salaries, causing a stagnation in economic prosperity which can linger for 10 to 15 years."There's [always] a certain anxiety that comes with finding a job. But with this all coming on, it's just tenfold," Matthew Phillips, a senior at the University of Southern California, told Business Insider.

As a result, Nehemiah says it is certain that she will enter law school for "job security down the road." "I no longer have the luxury of time to figure out what the next steps are for me," Nehemiah said. "I have a couple of friends who are just finishing up undergrad, and they are completely out of luck in this job market — one has interned for the same company for four years with promise of a job, and the company can no longer hire him. Another friend has a Fulbright and zero job prospects — it's unfathomable what is happening during this economic downturn.

Phillips and Mier are two of thousands of college students nationwide who have had their senior years cut short, as

 

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