The COVID recession wasn’t nearly as bad as the 2008 financial crisis. It is true that the unemployment rate peaked at a higher point, but the speed at which the economy has recovered has been much more rapid. Within a year we have already gotten down to a 6% unemployment rate. Meanwhile, it took 6 years for us to reach this unemployment level when we were recovering from the 2008 financial crisis.

Now when it comes to the stock market, I wouldn’t be so sure that the rate of return is going to be lower. Thing such as the stock market are incredibly hard to predict. — If I had to make a prediction, I’d say that Generation Z is going to have an easier time economically speaking then the Millenials.