Students graduating from college this year were born soon after 9/11, grew up during the Great Recession and are launching into adulthood amid a global pandemic. How much more can Gen Z take?
That's a big relief for Nielsen, who still bears emotional scars from the Great Recession, and the blow it dealt her family. The resulting financial strain, she says, contributed to her parents' divorce and changed the course of her own life forever. It also left her with ongoing anxiety about her finances.
In the meantime, they wait."Our futures are completely put on hold," says Tabitha Bair, 24, a soon-to-be-graduate of Arizona State University."Everything is changing. I'm just trying to keep my head above water."Bair is studying business administration—a major she chose specifically, she says, because it allowed her to take online classes while working full time to pay her way through school.
The early signs aren't exactly encouraging. A College Reaction/Axios poll poll last month found that, among college students who had jobs, 75 percent had already had their work canceled, moved to remote or delayed. Of the 450 employers listed on the website Is My Internship Cancelled, 69 percent were reported to have canceled, delayed or made their internships remote; only 129 were moving ahead with offers and just nine were actively hiring.
"There aren't a lot of great choices right now," Gimbel says."Graduates are going to face a really bleak time until this public health crisis gets sorted out." Lee-Daly and her peers in"Generation Z," born in the '90s and early 2000s, are too young to remember much about what life was like before video chat and Animal Crossing, a video game where players interact with cutesy anthropomorphic animals on a virtual island and which has surged in popularity amid state-wide quarantines. But they are old enough to have already lived through two of the most profound crises in U.S. history and are getting up close and personal now with a third.
Pendergrass is in an okay spot financially, he says. He's enrolled at the richest university in the world, where he'll be continuing his studies in the fall as a Ph.D. student. But he isn't worry-free.
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