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

submitted 1 day ago by oxjox@lemmy.ml to c/asklemmy@lemmy.ml

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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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[–] mesamunefire@lemmy.world 65 points 1 day ago

Remember your local community is one of the most valuable resources. Get to know your neighbors, invest in your social capital.

I remember coming across post in a /r/collapse on reddit that poked fun at a lot of peoples plans. He stated he was in a war torn country and found a lot of plans revolve around personal survivorship instead of community based. And the immediate local community is the one that most people fall back on and the one that often times helps out the most.