Job losses during the recession of young adults living by themselves led to increased onset of doctor-diagnosed mental health problems and worries related to jobs.
How were young adults affected by the Great Recession?
Young adults had high unemployment rates, decreased earnings, decreased net worth, lower rates of property ownership, and increased rates of co-residence with parents during the Great Recession.
Who suffers the most during a recession?
Many Americans aged 50 and older, notably baby boomers approaching retirement, were impacted either directly or indirectly by rising unemployment, declining property values, and the decrease in the stock market, even while young individuals in their 20s and 30s took the brunt of the economic slump.
Who benefits from a recession?
When renting is expected to become a more enticing alternative, if not the only one, during a recession, rental agencies, landlords, and property management firms can prosper.
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