“70% of Americans think a recession is coming: Here’s what they are doing to prepare”
July 13, 2022
“Most Americans — 70% — already believe an economic downturn is on its way, according to a new survey from MagnifyMoney. The online survey was conducted between June 10 and 14 and included 2,082 respondents.
A recession is defined as a significant economic decline that lasts more than a few months. The biggest recession warning sign, which 88% of respondents pointed to, is high inflation.
Respondents also reported seeing signs of an economic downturn in housing and rent prices, with 61%; rising interest rates, 56%; the stock market, 55%; declines in consumer spending, 42%; and rising unemployment, 36%…”
Cut spending. Live below your means. Start a garden. Stock up on supplies. Also if you can move to a rural area. These are the things I suggest doing. If the economy tanks crime in big cities is going to be horrible. You do not want to be there if this happens.