According to a recent Bankrate poll, nearly a third of Americans say they are not prepared for a recession.
A recession fatigue might be to blame for why younger generations aren't taking proactive steps to weather an economic downturn, say experts.
A lot of Gen Zers feel slighted that major life events, like proms and graduations, were cancelled as a result of the pandemic.
According to experts, some Americans do not know how to prepare for a recession.
A high inflation and rising interest rate environment is something most people have never experienced.
Most Gen Zers have only experienced a severe economic downturn through their parents' experiences during the Great Recession of 2007-2009.
Prepare for a recession as early as possible, before it even starts, but don't wait until it's too late.