Economic shocks always hit certain groups harder than others, and age dynamics factor in heavily. Today’s young and older persons are up against more than a decade of continuing financial shocks bookended by two major crises: the 2008 recession and the 2020 coronavirus pandemic, from which economies are only starting to recover. Both events highlight the vulnerability of the youth labor market and the volatility of seniors’ savings: jeopardizing wealth accumulation, exacerbating generational scarring, and fostering inequality. 

On December 14th at 2pm ET, please join the Atlantic Council GeoEconomics Center for a virtual discussion of the economic challenges and opportunities these two generations have experienced in the face of crises and on the road to recovery. The discussion will feature Dr. Nicole Goldin, Nonresident Senior Fellow, GeoEconomics Center and Global Head, Inclusive Economic Growth, Abt Associates; Arturo Franco, Senior Vice President, Mastercard Center for Inclusive Growth; and Dr. Roberta Gatti, Chief Economist, Middle East and North Africa, World Bank. The conversation will be moderated by Raj Kumar, Founding President and Editor-in-Chief, Devex. This event will also launch an Atlantic Council issue brief by Dr. Nicole Goldin on the same topic.


Dr. Nicole Goldin
Nonresident Senior Fellow
Atlantic Council GeoEconomics Center
Global Head, Inclusive Economic Growth
Abt Associates

Arturo Franco
Senior Vice President
Mastercard Center for Inclusive Growth

Dr. Roberta Gatti
Chief Economist, Middle East and North Africa
World Bank


Raj Kumar
Founding President and Editor-in-Chief

Opening Remarks

Josh Lipsky
Director, GeoEconomics Center
Atlantic Council

Issue Brief

Nov 23, 2021

Generational dynamics of economic crisis and recovery: Prospects for younger and older persons

By Nicole Goldin

Economic shocks affect young and older age groups disproportionately and highlight the insecurity of the youth labor market and volatility of older people’s savings. The COVID-19 pandemic exacerbated youth labor market challenges and caused young people to either lose jobs or work fewer hours.

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GeoEconomics Center

At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.