Tariffs, Recession, Expanding your Business, Inflation Employment Trends, and Consumer Trends

This conversation explores various economic trends affecting consumers and businesses, focusing on the shift towards skilled trades, the impact of inflation, recession fears, and the importance of mental health in the workplace. It also delves into luxury market psychology and the implications of student loans on financial stability.

takeaways

• Economic trends are crucial for understanding consumer behavior.
• There is a growing trend of Gen Z opting for skilled trades over college.
• The ROI of college degrees is increasingly questioned.
• Inflation continues to impact consumer spending habits.
• Recession fears are influencing how consumers approach spending.
• Mental health is becoming a priority for employees in the workplace.
• Luxury purchases are driven by psychological factors.
• Customer experience is vital for business success.
• Global economic shifts are affecting local markets.
• Student loan policies are becoming stricter, impacting borrowers.

Resourece:

https://www.whitehouse.gov/presidential-actions/2025/04/preparing-americans-for-high-paying-skilled-trade-jobs-of-the-future/

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https://www.cnbc.com/2025/04/24/gen-z-workers-opt-out-of-college-and-go-into-trades.html

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https://www.bls.gov/news.release/pdf/cpi.pdf

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https://finance.yahoo.com/news/gen-z-terrified-recession-ditching-155850124.html

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https://www.nbcnews.com/select/shopping/recession-hair-rcna200248

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https://www.entrepreneur.com/growing-a-business/how-to-build-a-brand-that-the-ultra-wealthy-cant-resist/488991

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https://fortune.com/well/2025/04/18/gen-z-millennial-workers-mental-health/

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https://nypost.com/2025/04/16/lifestyle/why-no-one-wants-to-make-work-friends-anymore-experts-say/

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https://apnews.com/article/global-economy-tariffs-imf-d15febaaaab65c7df8538cce170231eb

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https://www.marketwatch.com/story/student-loan-borrowers-will-see-social-security-checks-tax-refunds-disappear-over-defaulted-debt-trump-administration-says-d132bbed

Coming up in the hair industry I never understood why hairdressing is not as respectable as getting a college degree required job... Now, I think the college degree idea is changing, but still not quite there with hairdressing. Join us in changing that!

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DISCLAIMER: Robert holds a B.A. in Business Administration with a Minor in Finance. Robert curates the news, explaining his understanding. We suggest you use this information to talk with your financial advisor, business advisor, and/or CPA. Legal counsel may be required for some of your decisions as well. If you want business advice from Hairdresser Strong, you can hire us as a consultant/advisor, but we are not financial advisors, lawyers, or accountants.

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