Giving Compass' Take:

• According to a Gen Z survey, many teenagers' chief concern right now is about the economy and the potential for COVID-19 to cause a recession.  

• How can donors respond to these concerns? What is being done to soothe younger generations, and what best practices that we've learned from previous recessions? 

• Read about where precisely the COVID-19 will make the most impact in the U.S. 


American teenagers, largely stuck at home with their parents and relegated to online school, are growing increasingly worried about a potential economic recession.

47% of US teens surveyed by the Wall Street firm Piper Sandler in its semi-annual Gen-Z survey said the economy is getting worse, a major uptick from previous years.

"There were several more mentions of the economy and the stock market than in prior surveys," the firm noted. Last year, only 28% of the group said "they believed the economy was getting worse."

The survey of 5,200 US teens was taken as the coronavirus accelerated from largely a foreign concern in February and concluded in late March, the very week a record number of Americans lost their jobs as non-essential businesses closed across the country. The pandemic was the second most-listed social/political concern, the firm said, behind the environment

Perhaps unsurprisingly, young peoples' economic concerns, while rising, still trail their parents. According to a Gallup poll released at the end of March, the percentage of American adults worried that the coronavirus is "very likely" to cause a recession nearly doubled to 61% in two weeks' time. That's even before weekly jobless claims skyrocketed to more than 6 million, doubling the previous week's record.

Read the full article about COVID-19 recession by Graham Rapier at Business Insider.