{"id":9362,"date":"2025-06-24T00:32:15","date_gmt":"2025-06-24T00:32:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/9362\/"},"modified":"2025-06-24T00:32:15","modified_gmt":"2025-06-24T00:32:15","slug":"6-types-of-people-who-can-financially-survive-a-recession","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/9362\/","title":{"rendered":"6 Types of People Who Can Financially Survive a Recession"},"content":{"rendered":"\n

There\u2019s been a lot of talk lately about a possible recession<\/a> amid economic uncertainty, tariffs and market volatility. If this happens, it\u2019s important to be prepared.<\/p>\n

Certain groups of people may be more likely than others to weather the storm of a recession. Now is the time to figure out whether you\u2019re in one of these groups, and if not, to see what you can do to prepare.<\/p>\n

High Yield Savings Offers <\/p>\n

Powered by Money.com – Yahoo may earn commission from the links above. <\/p>\n

Read Next: Mark Cuban Warns of \u2018Red Rural Recession\u2019 \u2014 4 States That Could Get Hit Hard<\/a><\/strong><\/p>\n

Check Out: Clever Ways To Save Money That Actually Work in 2025<\/a><\/strong><\/p>\n

Keep reading to learn six types of people have a good chance of making it through a recession.<\/p>\n

Also see five recession money rules to start following now<\/a>.<\/p>\n

\u201cThe \u2018resilient six\u2019 tend to have one or more of the three key recession survival traits \u2014 stable income, low fixed costs or flexibility,\u201d said Kyle DePaolo, principal at DePaolo & May Strategic Wealth<\/a>. But who exactly falls into these six groups? Here are the six groups that could thrive in a recession, per BlackDoctor.org<\/a>.<\/p>\n

Consistent cash flow is the key for fixed-income earners and essential workers, DePaolo said. As for investors, they must stay liquid, harvest losses and turn economic volatility into opportunities \u2014 especially in quality market segments.<\/p>\n

\u201cRenters can relocate or renegotiate and agile businesses can pivot quickly or operate with lean overhead,\u201d he said. \u201cUltimately, resilience comes down to predictability, adaptability and access to opportunity.\u201d<\/p>\n

But if you\u2019re not in one of these groups, don\u2019t worry Here are some tips that can allow you to better position yourself for a recession<\/a>.<\/p>\n

Be Aware: Trump Isn\u2019t Ruling Out a Recession This Year \u2014 What Could That Mean for Your Wallet?<\/a><\/strong><\/p>\n

Your career is composed of a variety of moving parts, so DePaolo advised breaking these skills up into monetizable parts.<\/p>\n

\u201cA corporate marketer might freelance on content, strategy or course creation,\u201d he said. \u201cMultiple small income streams can match or beat one big paycheck \u2014 and provide more buffer.\u201d<\/p>\n

Become more than just an employee. You might not have a financial stake in the company, but you can become invaluable to your boss by taking an active role in helping the business thrive.<\/p>\n

\u201cPitch cost-saving ideas or new revenue streams at your current job,\u201d DePaolo said. \u201cEmployees who help their company stay lean often survive layoffs \u2014 and may get promoted.\u201d<\/p>\n

If you have good credit, DePaolo advised opening a home equity line of credit<\/a> (HELOC) or a business line of credit before it\u2019s needed. He said this can be a good idea for two reasons: It\u2019s easier to get credit before you actually need it, and a recession could tighten lending.<\/p>\n

Story Continues <\/p>\n

Who you know can help you get ahead in a recession. \u201cSocial capital is recession-resistant,\u201d DePaolo said. \u201cBuild a trusted network now \u2014 referrals and job leads often emerge from strong personal connections when the economy falters.\u201d<\/p>\n

Sarah Maitre, CFA, CFP, founder and financial planner at Camriel Advisors<\/a>, agreed that you don\u2019t necessarily need to box yourself into one of the six groups highlighted above to successfully ride out a recession.<\/p>\n

\u201cThe key to weathering a recession is adopting the habits that make them resilient \u2014 living within your means, tracking expenses closely and being flexible enough to adjust when circumstances change,\u201d she said. \u201cOne way to build this resilience is by maintaining an emergency fund<\/a> that can cover several months of essential expenses, providing a buffer that makes it easier to navigate unexpected financial challenges.\u201d<\/p>\n

Essentially, many people can recession-proof their finances if they\u2019re willing to put in the work. However, young adults, renters, people living on a fixed income, essential workers, investors and businesses with low operating costs might have to make fewer changes to thrive, which could increase their chances of success.<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 6 Types of People Who Can Financially Survive a Recession<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"There\u2019s been a lot of talk lately about a possible recession amid economic uncertainty, tariffs and market volatility.…\n","protected":false},"author":3,"featured_media":9363,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,859,710,10405,67,132,68],"class_list":{"0":"post-9362","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-fixed-income","11":"tag-market-volatility","12":"tag-recession","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114735529592977724","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/9362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=9362"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/9362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/9363"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=9362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=9362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=9362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}