• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
SuccessGen Z

Gen Zers are so terrified of a recession that they’re ditching doom spending, ordering Happy Meals, and using ChatGPT for free therapy

Emma Burleigh
By
Emma Burleigh
Emma Burleigh
Reporter, Success
Down Arrow Button Icon
Emma Burleigh
By
Emma Burleigh
Emma Burleigh
Reporter, Success
Down Arrow Button Icon
April 21, 2025, 11:58 AM ET
Worried young woman on her phone.
Young people are preparing for a recession with tricks like dumpster diving, fast-food rewards, and “no-buy lists.”izusek/Getty Images
Add Fortune on Google for similar content.
  • Gen Z is preparing for a potential recession with “no-buy lists” and other thrifty habits. They’re turning to free AI therapists, fast-food survey rewards, and dumpster diving to weather the downturn—especially as they’re the most vulnerable to layoffs and rising prices. 

The “lipstick effect” has historically been a popular way to gauge a recession against spending habits—with shoppers opting to buy smaller luxuries, like makeup, during a downturn versus cars and property. 

Recommended Video

But Gen Zers are redefining their recession experience through all the things they won’t buy. From turning to free ChatGPT bots in lieu of costly human therapists, to creating “no buy” lists including clothes and beauty treatments, they’re proving they’re willing to do anything to save a buck.

“Right now there’s a lot of economic uncertainty,” TikTok user @whatshesaves said in a video, adding that she is tackling $9,000 worth of debt. “I am actually trying to go on this journey of eliminating as many things out of my life, in living more intentionally, not just going shopping.”

Her TikTok video clearly resonated with what a lot of young people are feeling right now, raking in over 2.6 million views and 14,500 comments. Users chimed in under the video with their frugal hacks: surviving off Burger King survey rewards, eating kids’ meals as an adult, and dumpster diving for essentials. 

Another user shared the tricks young adults like herself pulled out during the 2008 recession. She divulged such tactics as sneaking into hotel buffets and grabbing extra condiments at restaurants to take home—potential inspiration for the young generation facing an economic crisis today. 

The ways Gen Zers are ‘recession-proofing’ their lives

While no generation is immune to an economic downturn, Gen Z is considered especially vulnerable. They’re the lowest on the workforce totem pole with the smallest salaries, often shackled with student debt, still trying to understand their finances as many generations before them did in their twenties. 

Moreover, Gen Zers don’t have the savings piled up that their Gen X counterparts do, so cutting back on spending in small ways has become a way to actively “recession-proof” their lives. 

One popular way young people have been sharing their saving hacks is through “no-buy lists,” detailing all the things they’re no longer splurging on during the recession. One user on TikTok shared her rejection roster: blankets, polyester “plastic” clothing, shoes, occasion outfits, trinkets, and accessories. She’s also opted out of salon visits—like nail and hair services—alongside buying home decor. Another user echoed her plans to cut back spending on clothes as well as vacations and dates. 

Read more from Fortune

  • This entrepreneurial couple cashed out their 401(k)s and sold a $126 million company—now, they run a U.K. soccer team
  • Trump’s 25% tariffs are backfiring and threatening Gen Z’s trade career aspirations—putting car manufacturing jobs in peril
  • Gen Z women are being sold a risky dream: the realities behind ‘investing’ in designer bags like the Hermès Birkin
  • Like Tim Cook and Gen Z, AEG’s top exec eats the same lunch most days and wears the same outfit
  • Warren Buffett reveals the unique education strategy he took in school—and eventually paid off with a $170 billion fortune
  •  

    Beyond frivolous expenditures, Gen Zers are also shaving their spending on essentials to make ends meet.

    Gen Z ditching ‘doom spending’ amid financial fears

    Gen Z trends of “recession-proofing” and “no-buy lists” couldn’t be farther from the tune they were singing a few months ago. Their days of splurging on little luxuries may be over as the economy takes a turn for the worse.

    Young people were once known for “doom spending”: shelling out for pets, vacations, and clothes for short-term gratification. With the prospect of buying a home getting further out of reach and living costs reaching a fever pitch, these little dopamine hits help quell their economic anxieties. After all, Gen Zers are increasingly doubtful they’ll ever be able to afford the American Dream. But now, even the small luxuries are fast falling out of favor.

    Nearly 47% of Gen Z do not have an emergency fund, and 27% carry more debt than they do savings, according to a 2025 report from Bankrate. These entry-level professionals are feeling the squeeze at work, too; only 43% are positive about their employer’s business outlook for the next six months, according to a recent report from Glassdoor. That’s the lowest number—and weakest confidence—ever reported since data collection started in 2016.

    Not only are Gen Z wallets under a pinch, but their jobs may be, too. 

    “Entry-level workers have less job security,” Daniel Zhao, lead economist for Glassdoor, told Fortune. “As they see these economic headwinds on the horizon, there’s an understandable concern that they might be the first ones to lose their jobs in a recession, or they’ll be left out in the cold when trying to find a new job.”

    The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
    About the Author
    Emma Burleigh
    By Emma BurleighReporter, Success

    Emma Burleigh is a reporter at Fortune, covering success, careers, entrepreneurship, and personal finance. Before joining the Success desk, she co-authored Fortune’s CHRO Daily newsletter, extensively covering the workplace and the future of jobs. Emma has also written for publications including the Observer and The China Project, publishing long-form stories on culture, entertainment, and geopolitics. She has a joint-master’s degree from New York University in Global Journalism and East Asian Studies.

    See full bioRight Arrow Button Icon
    Add Fortune on Google for similar content.

    Latest in Success

    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025

    Most Popular

    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Fortune Secondary Logo
    Rankings
    • 100 Best Companies
    • Fortune 500
    • Global 500
    • Fortune 500 Europe
    • Most Powerful Women
    • World's Most Admired Companies
    • See All Rankings
    • Lists Calendar
    Sections
    • Finance
    • Fortune Crypto
    • Features
    • Leadership
    • Health
    • Commentary
    • Success
    • Retail
    • Mpw
    • Tech
    • Lifestyle
    • CEO Initiative
    • Asia
    • Politics
    • Conferences
    • Europe
    • Newsletters
    • Personal Finance
    • Environment
    • Magazine
    • Education
    Customer Support
    • Frequently Asked Questions
    • Customer Service Portal
    • Privacy Policy
    • Terms Of Use
    • Single Issues For Purchase
    • International Print
    Commercial Services
    • Advertising
    • Fortune Brand Studio
    • Fortune Analytics
    • Fortune Conferences
    • Business Development
    • Group Subscriptions
    About Us
    • About Us
    • Press Center
    • Work At Fortune
    • Terms And Conditions
    • Site Map
    • About Us
    • Press Center
    • Work At Fortune
    • Terms And Conditions
    • Site Map
    • Facebook icon
    • Twitter icon
    • LinkedIn icon
    • Instagram icon
    • Pinterest icon

    Latest in Success

    The hidden cost of your AI rollout: burning out the high performers running it
    Workplace Cultureburnout
    The hidden cost of your AI rollout: burning out the high performers running it
    By Mikaela Cohen and HR BrewJune 23, 2026
    9 hours ago
    dr
    HealthCancer
    The U.S. cut cancer deaths by 34% since 1991—but not in 458 rural counties
    By Arthur Cosby and The ConversationJune 23, 2026
    12 hours ago
    college
    SuccessEducation
    47% of Harvard seniors admit to cheating — and the problem existed long before ChatGPT
    By Austin Sarat and The ConversationJune 23, 2026
    12 hours ago
    work
    Workplace Culturework culture
    Worker engagement just hit a decade low — and new data from 88 million employees shows why managers are the problem
    By Bob Batchelor and The ConversationJune 23, 2026
    13 hours ago
    Young woman shopper in store
    SuccessPersonal Finance
    As 93% of Americans lean on coupons to get by, Bed Bath & Beyond is splashing out $100K on a home renovation for their thriftiest shopper
    By Emma BurleighJune 23, 2026
    15 hours ago
    Matt Freese stopping a soccer ball entering the goal
    SuccessCareers
    Team USA’s goalkeeper passed on Manchester United, the club that helped shape David Beckham’s career, for Harvard—and has zero regrets
    By Preston ForeJune 23, 2026
    15 hours ago

    Most Popular

    After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
    Success
    After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
    By Orianna Rosa RoyleJune 23, 2026
    18 hours ago
    Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
    Banking
    Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
    By Jim EdwardsJune 23, 2026
    20 hours ago
    Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
    Investing
    Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
    By Nick LichtenbergJune 22, 2026
    2 days ago
    Current price of oil as of June 23, 2026
    Personal Finance
    Current price of oil as of June 23, 2026
    By Joseph HostetlerJune 23, 2026
    18 hours ago
    Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
    Success
    Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
    By Sydney LakeJune 21, 2026
    3 days ago
    Current price of oil as of June 22, 2026
    Personal Finance
    Current price of oil as of June 22, 2026
    By Joseph HostetlerJune 22, 2026
    2 days ago

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.