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Economically, how can concerned Americans prepare for the worst? (lemmy.ml)

submitted 4 days ago by oxjox@lemmy.ml to c/asklemmy@lemmy.ml

107 comments fedilink hide all child comments

I do not want this to be a political debate nor an opportunity to post recent headlines. However, in my opinion, this administration seems to be taking actions which history suggests may lead towards a near or total economic collapse. Whether you agree with this or not is irrelevant.

This post’s question is: If one were to have a concern that they’d no longer be able to afford common household goods or that mainstream (S&P, Nasdaq) financial investments were no longer sound, what can one do to prepare for “the worst”? What actions could someone take today to minimize economic hardship in the future?

I would also like thoughtful insight from older adults to offer younger adults about how they should be better preparing themselves for an uncertain future, outside of current events or place of residence.

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[–] Alice@beehaw.org 5 points 4 days ago* (last edited 4 days ago) (1 children)

~~Every time I get to know my neighbors, things are going well and then they suddenly drop something wildly transphobic, homophobic, or ableist. The last one was especially horrifying back when people were still talking about COVID— "but it only affects old/disabled people!"— pretty much saying to your face that they're cool if you die.~~

~~Relying on other people in a survival scenario seems incredibly irresponsible. It's America. Your neighbors want you dead.~~

ETA yknow what this is cynical and unproductive. Just do your best to protect yourself but if you belong to a vulnerable group you already know that. People aren't inherently evil and I need to log off when I'm upset.

[–] IDKWhatUsernametoPutHereLolol@lemmy.dbzer0.com 3 points 4 days ago (1 children)

It’s America. Your neighbors want you dead.

Not all parts of America, my area is at least +50 Harris, someone being an open nazi walking around waving swasticas or doing the salute here will get their ass beaten.

[–] Alice@beehaw.org 2 points 4 days ago

It's not even universally true in red states, unless you want to believe I'm the Super Special Exception. I was thinking of my own failed attempts to reach out recently and got bitter and started saying shit.