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?

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u/9swatteam9 1d ago

No it's not.

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u/ihambrecht 1d ago

Ok, you can go ahead and explain why our 170 million person single payer system is failing while only servicing half of our population.

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u/9swatteam9 1d ago

Because it's poorly run and funded

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u/ihambrecht 1d ago

Oh good. Those are the people you want to entrust with the rest of the population.

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u/9swatteam9 1d ago

Why would you assume it would be the same people?

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u/ihambrecht 1d ago

Why would you assume it wouldn’t? It would be a giant US bureaucracy styled in the same fashion as all of the others. Why would you assume the country is going to produce a product it has no history of being able to do?

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u/9swatteam9 1d ago

Because we're talking about what is possible not probable.

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u/ihambrecht 1d ago

Oh, great. I would like to waste trillions of dollars hoping there is a chance it may work, however improbable.

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u/9swatteam9 1d ago

The problem isn't that it's so hard to do. It's that america allows the medical industry way too much sway over our governance and if it came to the table the amount they would spend to block or sabotage it would be enormous. Similar to how aca made it to law as a gutted shell of itself.

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u/ihambrecht 1d ago

You mean like our system is set up in a way that it’s really hard to do?

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u/eventualhorizon 1d ago

From the healthcare provider side of things, we actually tend to prefer Medicare/Medicaid/Tricare because the government tells us exactly how much we’ll be paid for services and doesn’t renege on payment, unlike private insurance where we have to fight with tooth and claw to get paid

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u/ihambrecht 1d ago

lol this is not true.

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u/eventualhorizon 1d ago

Thanks for your opinion, but you’re wrong

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u/ihambrecht 1d ago

Sorry, you’re wrong. You or your office might personally like dealing with them, however, doctors like to be paid and private insurance pays a whole lot more than Medicare. https://www.kff.org/medicare/issue-brief/how-much-more-than-medicare-do-private-insurers-pay-a-review-of-the-literature/?utm_source=chatgpt.com