I'm sure many of you have heard that the white house has said that a recession isn't inevitable, which makes me think that it is, in fact, inevitable.

I've purged unneeded subscriptions, eating out, and now I only travel by car when necessary, which is fairly often unfortunately. what else can be done to soften the blow?

  • kristina [she/her]
    ·
    edit-2
    2 years ago

    Things the capitalist class wants:

    • Unemployed workers to squeeze of their savings (how dare money be sitting in worker bank accounts doing nothing! how dare they thats my thing!) so they are desperate for a job, any job

    • Inflation while not raising wages, as this increases wealth inequality in their favor

    • You to be renting, which can deplete your savings faster than owning a house with zero equity in your favor

    • You to take out loans, liens, and so on in order to pay your bills, preferably at the highest sustainable interest rate possible

    • They want to invest in basic commodities no one can escape now in order to profit the most off of inflationary prices, such as fuel and food costs.

    • For union boomers to retire so that they can jiggle workers around in order to break up union bases. Recession is the prime time to do it.

    Things they don't want

    • For you to be flexible with your job choices and remote work. In fact, I think thats the main reason (aside from the typical once a decade crash) things are going the way they are now. If you are able to find a remote work job that requires little work and is a lot of sitting around, you could get a second job as insurance just in case one is insecure. Alternatively, if you have an in person job that has a lot of down time, consider a second remote job to work on at work. This isn't grind culture, its more of a 'oh shit I got laid off I don't want to drain all my savings and be desperate and take out loans because I have maybe 2 months of cash if I'm lucky' culture. If nothing bad happens during spooky times, you can choose between the better of the two jobs and keep it later.

    • For you to live with someone in an owned and paid for home for free or cheap

    • For you to grow your own food and buy and eat the least inflated foods

    • For you to avoid using fuel (remote jobs and jobs close to area of living)

    • For you to avoid taking loans out

    • For you to reduce your energy consumption to save money

    • For you to unionize the workplace you work at. If you think you're gonna lose a job, you might as well do a Hail Mary! Alternatively if you're in a union, tell members that this is the most dangerous time to retire

    • For you to communally manage your funds with other people in order to get good bank accounts that have high interest returns on your savings account to avoid inflation a little.

    • For you to buy in bulk dry, long lasting foods you like so that you don't spend as much later on them due to stagflation