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On social media, everything from Lady Gaga to knee-high Converse sneakers is a ‘recession indicator’

  • Social media currently highlights signs of a possible recession amid low consumer confidence and economic uncertainty in 2025.
  • Following the Great Recession, which spanned from 2007 to 2011, more than 50% of U.S. Households experienced a reduction of at least 25% in their total wealth.
  • Humor and memes about recession indicators, like the men's underwear index coined by Alan Greenspan, serve as ways people cope with economic worries.
  • Sociologist Dustin Kidd explained that phrases like "all you can do is laugh" reflect our tendency to use humor to face tough economic situations.
  • These humorous signals may influence real economic behavior and underscore widespread anxiety, suggesting that the fear of recession could become a self-fulfilling prophecy.
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KQED broke the news in San Francisco, United States on Wednesday, April 30, 2025.
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