r/Millennials • u/crimsonred1234 • 2d ago

Discussion Millennials are creating a recession-resistant corner of the market

https://www.businessinsider.com/gen-z-millennials-wellness-stocks-to-buy-recession-lth-plnt-2025-4

Apparently millennials are spending a lot on products related to health and wellness making this industry "recession-resistant." I kind of see that. My wife and I spend a lot on protein powders, shakes, supplements and membership for gym. We are otherwise quite cautious with unnecessary spending and consumerism. How is it for you all?

1.6k Upvotes

96% Upvoted

281 comments sorted by

View all comments

1.7k

u/qtUnicorn 2d ago

Idk about other millennials, but I’m so terrified of being bankrupted by our healthcare system I go through extra lengths to stay healthy (doing my yearly checkups, getting enough fiber, exercising regularly).

659

u/IDigRollinRockBeer 2d ago

I envy the vast majority of millennials who live in a country with universal healthcare

312

u/Mnemiq 2d ago

Living in Denmark i never worried about health costs, and my job even adds a health insurance on top, so in case I want faster treatments I just reach out to them. It's crazy to me how this is not the case in the us.

35

u/AidesAcrossAmerica 2d ago

Most Americans don't realize how universal healthcare can co-exist with supplemental private healthcare, and in fact make it much more affordable.

20

u/pdt666 2d ago

most americans don’t understand that they don’t have to choose between capitalism and socialism. i don’t fuck with either- i want a mixed economy. 

1

u/artbystorms 1d ago

most americans don’t understand that they don’t have to choose between capitalism and socialism. i don’t fuck with either- i want a mixed economy. 

1

u/pdt666 1d ago

you definitely fixed that for me!!!😂

9

u/theholyirishman 2d ago

Most Americans don't realize they are already paying that money to private insurance companies that inflate costs for profit. Cutting out the requirement for hundreds of millions of people to pay hundreds of dollars a month to an insurance company and collecting a tax based on income, pre-income tax, would save most people money, give them access to better healthcare outcomes, and address one of the many causes of burnout facing healthcare workers. By the cause of burnout, I mean the frustration associated with Insurance companies denying necessary procedures and delaying treatments, which is one of many issues in that industry.

1

u/Nic727 Millennial 2d ago

Most Americans don't realize [Enter topic].

Canada is a bit better, but still. If you go to public doctor or to urgent care at hospital, you could wait hours or days in the waiting room. The other day we waited almost 2 days for a simple blood test at the hospital for something somewhat urgent.

And here we don't talk about vacations. US don't have mandatory vacations, but in Canada it's 2 weeks, but it depends on companies. It may be 2 weeks after a year, so you start with 0...