> And I believe prior to this one, the early 90s recession had been the worst since WWII.
I disagree: http://en.wikipedia.org/wiki/List_of_recessions_in_the_Unite...
The three recessions immediately preceding the early 90s recession (73-75, 80, 81-82) all had either higher unemployment, a larger GDP reduction, or both.
I stand corrected.
Indeed. But I don't quite agree it is normal. Well it is "normal" if you happen to be in a great recession. And I believe prior to this one, the early 90s recession had been the worst since WWII.
So Gen X and Gen Y (or Z?) have that in common.
Some generations get lucky and enter the job market during a long running boom. But yes, if your coming of age happens to coincide with a recession, your generation will be accused of being slackers.
Now, what I want to know is, are we going to get some good music out of this recession/generation, like we did in the early 90s?