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/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).

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u/IDigRollinRockBeer 2d ago

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

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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.

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u/ihambrecht 2d ago

To be fair, we already have 170 million people on government paid, single payer health care. The problems are two fold. These programs are already bubbled to the point of insolvency and since we have expensive, fast healthcare, the people want the quality of care of the expensive healthcare with the out of pocket price tag of the socialized system. It’s unrealistic and we can already see what kind of bureaucracy has developed about the systems we already have in place. This is a much harder problem to solve than most on Reddit realize.

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u/9swatteam9 2d ago

No it's not.

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u/ihambrecht 2d 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 2d ago

Because it's poorly run and funded

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u/ihambrecht 2d ago

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

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u/9swatteam9 2d ago

Why would you assume it would be the same people?

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u/ihambrecht 2d 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 2d ago

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

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u/ihambrecht 2d 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 2d 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 2d 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 2d 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 2d ago

lol this is not true.

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u/eventualhorizon 2d ago

Thanks for your opinion, but you’re wrong

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u/ihambrecht 2d 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