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

submitted 1 day ago by [email protected] to c/[email protected]

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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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[–] [email protected] 4 points 6 hours ago

I honestly don't really know, but i can guess.

Stock on basic food items, maybe enough for a year or more (including noodles, rice).

Maybe, if you can afford the space/time for it, learn how to grow some basic vegetables on your balcony/garden, to go along with the calories.

That is all i can do. Maybe, also look into viable long-term accomodations in case you lose your house/apartment. Could be homeless shelters, could be sanctuaries, idk.