When we approached Silicon Valley and Signature Bank to get a loan to manufacture Shoembrellas™, we were laughed at and told the idea was sure to fail. Well, well, well, guess who’s the soggy-socked failure now?!
Although the recent bank collapses may have made older generations' collective hearts skip a beat as dreams of Florida beaches slowly walked away from them (don’t worry, they weren’t gonna be there much longer anyway). In contrast, younger generations, who have only heard rumors of aforementioned accounts, are largely unaware of these significant bank failures: In fact, over one-third of Gen Zers (41%) and Millennials (35%) are unaware of the recent bank failures. Begging the question, if federal regulators take over a bank, but it wasn't posted on TikTok, does it really count as a failure?
Fear not, because there is one thing that unites us all: fear. Most Americans (61%), regardless of age, worry the two bank failures will trigger a financial crisis similar to the one in 2008. When should we all come together to sing John Lennon’s Imagine? We can post it on TikTok.