Serious recessions may not be inevitable, more likely they have an avoidable cause. The housing crisis, the dot com bubble, and the current trade war are examples.
Annie Lowrey, in an informative article in The Atlantic, writes:
The Next Recession Will Destroy Millennials
Lowrey notes that millennials’ fininacial stress hurts the economy and thus affects all. I am reminded that poverty among seniors would similarly depress the economy; cuts to Social Security and Medicare would exacerbate this.