If you're reading HN as a 16 year old I like the chances that you'll be entrepreneurial enough to make your own way even in a bad economy. Either just finding the opportunities locally, or creating things for a global market, or packing a bag and going somewhere more promising. If you're willing to keep growing / hacking / changing, and especially if you have tech skills, you'll probably do a lot better in a downturn than much of the rest of the country.

I graduated high school at the start of the GFC and I was pretty scared but everything turned out fine. If push comes to shove, there's always America.

Actually that feeling will only occur when war breaks out with China and Australia is the first US ally to fall :(