Things in the US are increasingly unstable and the markets have begun reacting to that. It’s not looking very promising right now.

Personally, I’ve begun trying to save as much money as possible and have stayed on top of my deep pantry. I’ve also stored even more food that I had before.

How is everyone else preparing for a recession? Any tips?

  • AA5B@lemmy.worldEnglish
    2·
    8 days ago

    My company is about to do a round of layoffs, and that will become more common as we enter recession, and yet more common when the recession continues. Too many people will be suddenly out of a job just when few places are hiring, including a good friend of mine who I brought into the company and is now on the chopping block. They’ll need all the savings, all the resources they can get.

    While I’m safe from this round of layoffs, I’m stuck ANTI-preparing.

    • College financial aid is already changing for the worse, and my kids’ colleges expect to start by taking my entire emergency fund, then keep squeezing more out of me.
    • in the more immediate term, my chest freezer needs defrosting, so I’m not buying anything frozen but 8nstead trying to use up everything