Numerous millennials have already endured one significant economic slump — and as indications of another possible recession surface, they’re turning to social media to share their top survival strategies, or “recession hacks.”
The Great Recession, which lasted from December 2007 until June 2009, struck just as many millennials were completing their college degrees and entering the job market. The timing could not have been more unfortunate. The economic damage influenced their initial career paths and adult lives, resulting in lasting effects such as diminished overall wealth, increased student loan debt, less work experience, and postponements of significant life milestones like home buying and marriage.
In light of these obstacles, millennials have crafted a collection of practical, budget-conscious strategies — and they’re now sharing them on platforms like TikTok to assist others in navigating financial instability, particularly for those without a safety net.
Here are some of the most popular recession hacks being introduced by creators who have experienced it all:
1. Reassess Your Spending Patterns
Examine your expenditures closely and pinpoint areas where you can reduce costs. Minor adjustments can accumulate rapidly.
2. Stock Up on Canned Tuna
Inexpensive, durable, and rich in protein, canned tuna is a pantry essential that withstands economic downturns.
3. Discover a Go-To Meal Strategy
Whether it’s an economical stir-fry or an inventive use of leftovers, having a reliable, affordable meal option can save both time and money.
4. Acquire Basic Sewing Skills
Repairing your own clothes instead of purchasing new ones is an excellent way to extend the life of your wardrobe — and your finances.
5. Try Scavenging (Seriously)
What one person discards can indeed be another’s find. Some creators are discovering furniture, home decor, and even electronics left on the curbside.
6. Regrow Your Green Onions
A simple kitchen trick: place the white ends of green onions in water and watch them sprout anew. It’s cost-free, effortless, and environmentally friendly.
7. Use Credit Wisely
Be intentional with your credit card usage — pay off totals completely, leverage rewards, and steer clear of unnecessary interest.
8. Forgo the Dryer
Air-drying your garments not only conserves energy but also prolongs the lifespan of your clothing.
Experiencing a recession teaches valuable lessons on making every dollar count — and millennials are now imparting those hard-won insights to aid others in preparing for whatever the future holds.