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WSJ Your Money Briefing

How Young People Are Coping With Economic Anxiety

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 13 May 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

A generation that came of age in the 2008 crash and graduated into a global pandemic is now bracing for a third round of economic turmoil. Wall Street Journal platform editor Isaac Taylor joins host Julia Carpenter to talk about how he and his friends are delaying milestones, cutting budgets and preparing for an uncertain future.  Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Here's the truth about AI. AI is only as powerful as the platform it's built into.

0:05.7

ServiceNow puts AI to work for people across your business, removing friction and frustration

0:11.1

for your employees, supercharging productivity for your developers, providing intelligent

0:16.5

tools for your service agents to make customers happier, all built into a single platform you can

0:21.9

use right now. That's why the world works with ServiceNow. Visit ServiceNow.com

0:27.8

slash UK slash AI for people. Here's your money briefing for Tuesday, May 13th. I'm Julia

0:36.8

Carpenter for the Wall Street Journal.

0:43.8

Economic anxiety can reshape our financial lives in ways big and small. Some young Americans

0:50.3

have already weathered the 2008 crash and the pandemic era shutdowns.

0:55.0

Now, worried about yet another recession, they're delaying milestones and cutting back on expenses.

1:01.9

This feels like it's directly hitting us, our individual budgets, our ability to rent or make

1:07.8

down payments, even our retirement accounts.

1:10.6

It's in the everyday decisions and the

1:12.2

long-term plans that we're having to reconsider. Wall Street Journal platform editor, Isaac Taylor,

1:17.7

joins me to share how he and his friends are rethinking their plans for 2025. That's after the

1:24.7

break.

1:36.6

I'm making a robot head with an Amazon box. I've painted it silver and daddy help me make... At Amazon, we're actually using paper bags for more of our deliveries.

1:39.8

And now I'm making a paper hot air balloon and I even made a little brown basket

1:44.4

and I'm making a dog that looks just like Monty.

1:46.9

Just one of the ways we've reduced the weight of our packaging

1:49.0

by more than 40% since 2015,

1:51.8

which is still good for playtime.

...

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