I finished a graphic design degree in 2000, right in time for the recession and dot-com bubble bursting.
It felt different to now in that even though I lost my job in 2001, I didn’t feel any need to move back home or sign on, as my rent was so low in London. Also, I think I was earning OK money for a very junior job and I had gone through university for free pretty much, so I only had loans of 6k to pay off. Not exactly a daunting figure compared to graduates today. Having 1 or 2 months off work didn’t seem as unthinkable as it might do now.
$ - £ rate was amazing. Went to NYC every year, ski trips to the Rockies. And again, I wasn’t cash rich by any stretch of the imagination.
The biggest thing though, that a lot of people took for granted, was that property was so affordable if you took a punt on a crap part of London. So many people in their late 30s/early 40s are now set due to buying a place in the early 2000s.