cannot say anyone “benefits” from a recession, as it is a period of economic decline. However, some industries and individuals may be less affected than others. For example, defensive stocks, as mentioned earlier, tend to be less sensitive to economic cycles and may provide steady returns. Additionally, those who have saved up cash may be able to take advantage of discounted prices on certain items. Additionally, some professionals in industries such as finance, law, and consulting may see increased demand for their services during economic uncertainty. However, it is important to note that a recession affects everyone, and those in lower-income brackets may be particularly vulnerable to job loss and other financial hardships. Overall, it is better to prepare for a recession than to hope to benefit from it.
cannot say anyone “benefits” from a recession, as it is a period of economic decline. However, some industries and individuals may be less affected than others. For example, defensive stocks, as mentioned earlier, tend to be less sensitive to economic cycles and may provide steady returns. Additionally, those who have saved up cash may be able to take advantage of discounted prices on certain items. Additionally, some professionals in industries such as finance, law, and consulting may see increased demand for their services during economic uncertainty. However, it is important to note that a recession affects everyone, and those in lower-income brackets may be particularly vulnerable to job loss and other financial hardships. Overall, it is better to prepare for a recession than to hope to benefit from it.
