They go into it already rich. Answer from TrampSwaps on reddit.com
Morgan Stanley
morganstanley.com › ideas › recession-2022-potential-how-bad
Next Recession 2022: What Will It Look Like? | Morgan Stanley
Nonetheless, the bear-market bottom for stocks may still be 5%-10% away. Investors should remain patient and consider using tax-efficient rebalancing, including by harvesting losses, to neutralize their major overweight and underweight exposures.
Quora
quora.com › What-should-you-do-now-to-prepare-for-a-2022-financial-recession
What should you do now to prepare for a 2022 financial recession? - Quora
Answer (1 of 19): I like the Dave Ramsey method. Works pretty much all the time rain or shine. You should save up a little emergency fund, he says $1,000. I would tweak that to one month of expenses, you’ll sleep much better at night. Then get out of debt starting with the smallest that’s going t...
How do people come out as winners during a recession?
They go into it already rich. More on reddit.com
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December 18, 2022Financial prepping ideas for recession during what feels like a recession
Do everything possible to not get laid off or fired. This means ensuring you’re more valued and important to the company than as many of your peers as possible. Get on a zero based budget ASAP. Every dollar is accounted for, and you have a plan at the beginning of every month. Start transitioning to living on last months income. This may take some time, but is a nice trick in general for always having a one month cushion. Start cutting extraneous expenses. Do you really need that pest control for $90 a quarter? Ditch the Starbucks and restaurants. Get rid of the organic groceries and snacks. Actually, if tasty snacks prevent you from Door Dashing or getting restaurant food, buy more of them. Work in protein powder to save more on animal protein from the grocery. Start cooking more of your own things such as bread and sauces. Start paying lots of attention to what the Fed and FOMC are doing. Start educating yourself on macroeconomics, how our economy works, and why the Fed is doing what it’s doing. This will keep you abreast of what’s happening and also help you forecast what’s going to happen to the economy and make informed decisions ahead of time. My favorite YouTube channel for this is ClearValueTax. The man doesn’t sell anything, isn’t pumping shitcoins and other garbage, and is unfashionably based and eerily accurate in his predictions (I have no financial relationship to him or his channel). Make sure your emergency fund is topped off and growing. Minimum 3 months of expenses, 6 is probably better right now. If you’re doing all of the above and work in a field that has good job security during recessions, now is a great time to dollar cost average into equities (mutual funds and stocks). Recessions are really where wealth gets made for people who are good with their money. If you have been piling up cash and continue to do so, there are going to be some insane buying opportunities for stocks in 2023. Buying into an S&P 500 or total stock market index fund (VTSAX) will make it easy for you. More on reddit.com
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December 18, 2022Videos
12:00
Recession in 2022 - WARNING! You Could Get RICH! - YouTube
05:08
Why a 2022 Recession Would Be Unlike Any Other | WSJ - YouTube
50:15
The U.S. Recession is finally here. - YouTube
09:55
How To Benefit From The Coming Recession - YouTube
12:02
The 2022 Recession Is NOT Real... Here's Why - YouTube
Axios
axios.com › 2024 › 09 › 26 › 2022-recession-gdp-revision
2022's "technical recession" wasn't real, revised GDP data shows
September 26, 2024 - In the U.S., economists have traditionally deferred to a panel of academics to make the recession call, who consult a broader array of data that did not point to a recession in 2022. Of note: The revisions also point to more robust GDP growth throughout the post-pandemic expansion, with 2021 GDP growth revised up by 0.3 percentage points, 2022 up 0.6 points, and 2023 up 0.4 points. The revisions also solved a bit of a technical mystery, as earlier data had shown a wide gap between GDP and gross domestic income, two measurements that should be identical.
Blackbullion
blackbullion.com › blog › 2022-recession-survival-guide
2022 recession survival guide | Blackbullion
For example, many more students are likely to apply for additional financial support in a recession. This means that lots of institutions simply won’t have the funds to meet increased demand. To create some flexibility for yourself, look at where you can cut back on spending. ✂️ · What if your bike gets stolen? 🚲 What if your laptop finally gives up? 💻 · Ask yourself, “What is my budget in a worst-case scenario?”. By doing this, you’ll give yourself wiggle room for any unexpected costs that come your way.
Reddit
reddit.com › r/investing › how do people come out as winners during a recession?
r/investing on Reddit: How do people come out as winners during a recession?
December 18, 2022 -
Obviously job security, cash flow, and minimal debt are big ones. Let’s say I have a good job, 100k in savings, and no debt. Where would you put your money in the midst of a recession? Stocks? ETFs? Property? Should I just sit on it? I know this question is probably not specific enough but how did people come out on top after 2008 and how will this recession be different?
Top answer 1 of 67
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They go into it already rich.
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Ideally you'd just want to be sitting on cash at the bottom and then throw it all in and leverage it, using margin or mortgages, or some other cheap form of collateralised debt. As Peter Lynch said, 'You make most of your money during a bear market. You just don't realise it at the time'. Nobody will appear to be winning while the recession is still ongoing. The eventual winners will be those who had rock solid finances and were able to take advantage of low prices/high yields. Obviously this wouldn't be easy to do in real life, when the world appears to have fallen apart around you, and often the bottom will be extremely volatile so you may go early and feel like you've made a huge mistake
Bankrate
bankrate.com › federal reserve
How To Prepare Your Finances For A Recession | Bankrate
April 24, 2023 - Part of the reason why an emergency fund is so crucial: Unemployment insurance (UI), on average, only replaces half of jobless Americans’ income. The average weekly benefit in the U.S. reached $400.92 in the fourth quarter of 2022, according to the Department of Labor’s most recent data.
CNBC
cnbc.com › cnbc select › personal finance › 6 money moves to make when you’re worried about a recession
6 Financial Steps To Take Now If You’re Worried About A Recession
August 13, 2025 - It's never a bad time to set yourself up to be in the strongest financial position possible.
Reddit
reddit.com › r/preppers › financial prepping ideas for recession during what feels like a recession
r/preppers on Reddit: Financial prepping ideas for recession during what feels like a recession
December 18, 2022 -
I'm interested in ideas and reasoning (for average and low-income families).
The one idea I have is to eliminate as much debt as possible, as interest rates go up and the value of the dollar drops. As whatever little cash we have is "king". I remember stories about prior recessions and the great depression; people lost their property to banks and their financial investments became worthless.
Curious what else one can do (those who cannot afford to invest in things such as gold). How to modify spending behaviors, and what approaches to take regarding types of employment and holding on to current housing.
I also wonder about those who did invest in gold, is this a time they would cash it out? Even though the value increases, wouldn't it show little profit due to the value of money dropping? Would they hold onto it until the economy stabilizes so they can start off with more than zero?
Top answer 1 of 5
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Do everything possible to not get laid off or fired. This means ensuring you’re more valued and important to the company than as many of your peers as possible. Get on a zero based budget ASAP. Every dollar is accounted for, and you have a plan at the beginning of every month. Start transitioning to living on last months income. This may take some time, but is a nice trick in general for always having a one month cushion. Start cutting extraneous expenses. Do you really need that pest control for $90 a quarter? Ditch the Starbucks and restaurants. Get rid of the organic groceries and snacks. Actually, if tasty snacks prevent you from Door Dashing or getting restaurant food, buy more of them. Work in protein powder to save more on animal protein from the grocery. Start cooking more of your own things such as bread and sauces. Start paying lots of attention to what the Fed and FOMC are doing. Start educating yourself on macroeconomics, how our economy works, and why the Fed is doing what it’s doing. This will keep you abreast of what’s happening and also help you forecast what’s going to happen to the economy and make informed decisions ahead of time. My favorite YouTube channel for this is ClearValueTax. The man doesn’t sell anything, isn’t pumping shitcoins and other garbage, and is unfashionably based and eerily accurate in his predictions (I have no financial relationship to him or his channel). Make sure your emergency fund is topped off and growing. Minimum 3 months of expenses, 6 is probably better right now. If you’re doing all of the above and work in a field that has good job security during recessions, now is a great time to dollar cost average into equities (mutual funds and stocks). Recessions are really where wealth gets made for people who are good with their money. If you have been piling up cash and continue to do so, there are going to be some insane buying opportunities for stocks in 2023. Buying into an S&P 500 or total stock market index fund (VTSAX) will make it easy for you.
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The first thing to do is take a serious look at your budget. Cut what can feasibly be cut, save anything you can, and take a serious look at food. The food part of most home budgets is the most changeable. Eating out? Figure out your patterns for why and when you eat out, and see where you can change that by being more prepared. Eating lots of expensive ingredients? See where you can cut back or treat them as more special or like a condiment instead of the main thing. The big issue with food is storage. If you have room for a deep freezer but don't have one, get one. This way, you can get things in sale and preserve them for when the prices go up. If you have room for dry storage, take a look at how you're doing it, and optimize where possible. Assess how much food storage room you have, and maximize that.
Harvard Business Review
hbr.org › 2022 › 11 › how-to-manage-your-money-during-a-recession
How to Manage Your Money During a Recession
November 1, 2022 - If you want to come out of a recession more financially stable than before, here are some options: Reassess your expenses and increase your savings. An emergency fund of six months will help you face potential financial hardships.
Minnesota Department of Employment and Economic Development
mn.gov › deed › newscenter › publications › trends › december-2022 › recession.jsp
Understanding Recession Indicators / Minnesota Department of Employment and Economic Development
Many economists currently believe that a soft landing is unlikely and that a recession is probable over the next 12 months given the Federal Reserve's firm commitment to hiking interest rates until inflation is tamed. How fast and high interest rates are pushed up will determine when and if a recession develops and the depth, diffusion and duration of the downturn. Figures 1 examines the depth and duration of the six most recent recessions by tracking monthly U.S.
Franklin Wealth
franklin-wealth.com › home › what to do in an inflationary recession?
What to do in an Inflationary Recession? - Franklin Wealth
September 7, 2022 - Many feel that the current inflation we are in may not end until we enter a more severe recession possibly threatening something even worse than 2008. Commodities, fixed income and real estate performed well during the inflationary 2000s. Interest rates were falling during most of this time period, allowing bonds to shine and real estate to be more affordable as time progressed. During the first half of 2022, the narrative has been markedly different in this regard but may shift before the end of the year.
Oberlo
oberlo.com › blog › economic-recession
Economic Recession in 2022: What Steps Can You Take Now?
May 17, 2022 - When consumer spending goes down, businesses adjust their strategies. This means they hire fewer people, lay off staff, and buy fewer supplies from other businesses. The unemployment rate grows and consumer confidence plummets further. At this point, a vicious cycle is in full swing and things are about to get a whole lot worse. Once a recession starts, it’s difficult to stop.
Synchrony
synchrony.com › blog › bank › recession-proof-savings
8 Ways to Recession-Proof Your Money and Continue Saving
November 22, 2022 - In fact, between February 2021 to February 2022, gas prices shot up by almost 40%, according to the Urban Institute. If you're looking to cut costs on these big three items, dramatic lifestyle changes can be potentially worthwhile. While they require a greater commitment, they can also offer more significant savings than simple, everyday tweaks. For instance, downsizing from a two-car to a one-car family or uprooting to a less-expensive part of the country could net thousands of dollars of savings a year, if not more.
TIME
time.com › business › economy
A Recession Is Widely Expected. Here's How to Prepare
December 10, 2022 - Working in an industry that does well during periods of economic turmoil eases some of his worry, though Richner’s less-is-more approach also comes from experience. As a former credit counselor, Richner learned valuable personal finance strategies that he’ll draw upon in the next recession.
Charles Schwab
schwab.com › learn › story › 5-tips-weathering-recession
5 Tips for Weathering a Recession | Charles Schwab
Beyond buying shares at a discount, a downturn offers the opportunity to make strategic adjustments to your portfolio. Tactical tweaks should be refinements rather than wholesale changes. One rule of thumb is never deviate from your target asset allocation by more than five percentage points. ... High-quality stocks: Companies with low debt, positive earnings, strong cash flow, and low volatility tend to outperform when recessions hit and investors turn to businesses with ample financial cushions.
Fidelity
fidelity.com › learning-center › personal-finance › how-to-prepare-for-a-recession
How to prepare for a recession | Fidelity
October 17, 2025 - A financial plan is intended to serve you for the long run and weather both the market ups and downs. Planning can help you see where you stand now and give you a roadmap to a financially secure future. As part of the planning process, you can test the impact of various market and economic scenarios on your financial well-being; for instance, calculating the amount you may need to save to hit your major goals if some factors change. "The thing I worry about are the big shocks to the system—like a recession and being laid off.
Jhu
bipr.jhu.edu › BlogArticles › 22-US-Economy-is-Headed-for-Recession.cfm
US Economy is Headed for Recession
Additionally, the Federal Reserve Bank has hiked rates to 5.25% since early 2022. The effects of the hike on the economy will be seen in 2024. Conclusion The post-Covid economic backlash, in conjunction with faltering external economies and global conflict will directly impact US domestic interests, foreshadowing an emerging recession ...
Investopedia
investopedia.com › terms › r › recession.asp
Recession: Definition, Causes, and Examples
August 25, 2025 - The pandemic is a prime example of an economic shock that can trigger a recession. The depth and widespread nature of the economic downturn caused by COVID-19 in 2020 led the NBER to designate it a recession. In 2022, many economic analysts debated whether the U.S.
U.S. News
money.usnews.com › home › investing
Recession 2025: What to Watch and How to Prepare | Investing | U.S. News
August 12, 2025 - In its latest long-term economic projections in June, the FOMC called for only two 25-basis-point rate cuts in 2025, bringing the fed funds target range down to between 3.75% and 4% entering 2026. President Trump has repeatedly publicly criticized Fed Chair Jerome Powell for not cutting interest rates, and the bond market predicts that the FOMC will cut rates three times by the end of 2025. Fortunately, inflation and tariffs have not yet dragged the U.S. economy into a recession, but investors should continue to monitor the labor market and other economic data in the coming months.
Employersolutionsgroup
employersolutionsgroup.com › blog › recession-2022
Recession 2022? - ESSG
May 8, 2023 - By evaluating possible scenarios and planning what a response to that scenario would be, a business can adapt to those outcomes quickly. Having a contingency fund is also a good way for a business to prepare for potential loss. By making projections in advance, a business can determine the current financial wellness and evaluate what longevity in the event of a recession.