Users' questions

What industries are most recession proof?

What industries are most recession proof?

Discount stores often do incredibly well during recessions because their staple products are cheaper.

  1. Consumer Staples.
  2. Grocery Stores and Discount Retailers.
  3. Alcoholic Beverage Manufacturing.
  4. Cosmetics.
  5. Death and Funeral Services.

What companies did well during the recession?

Key Takeaways

Top 10 Stocks in the S&P 500 by Total Return During 2008
Company Name (Ticker) 1-Year Total Return Industry
Dollar Tree Inc. (DLTR) 60.8% Discount Stores
Vertex Phamaceuticals Inc. (VRTX) 30.8% Biotechnology
H&R Block Inc. (HRB) 25.8% Personal Services

Which industries get hit by recession?

8 Industries with the most recession-proof jobs

  1. Health care. People get sick and need medical care no matter what the economy is doing, so the demand for jobs in health care is pretty stable, even during a recession.
  2. Public safety.
  3. Education.
  4. Public utility.
  5. Funeral services.
  6. Financial services.
  7. Grocery.
  8. Legal.

Which states are recession proof?

Recession-proof cities have good infrastructure

  • Oregon (the city of Eugene)
  • Washington (Seattle)
  • Utah (Salt Lake City)
  • Nevada.
  • North Dakota.
  • Kansas.
  • Minnesota (Minneapolis)
  • Nebraska (Omaha)

What jobs are recession proof?

Here’s a list of the best recession-proof jobs for a variety of education and skill levels:

  • Medical & healthcare providers (Healthcare industry)
  • IT professionals (Tech industry)
  • Utility workers.
  • Accountants.
  • Credit and debt management counselors.
  • Public safety workers.
  • Federal government employees.

What investments are recession proof?

5 Things to Invest in When a Recession Hits

  • Seek Out Core Sector Stocks. During a recession, you might be inclined to give up on stocks, but experts say it’s best not to flee equities completely.
  • Focus on Reliable Dividend Stocks.
  • Consider Buying Real Estate.
  • Purchase Precious Metal Investments.
  • “Invest” in Yourself.

What are some recession proof businesses?

Listed below, in no particular order, are the 9 best recession-proof businesses that can surmount this critical period.

  • Grocery and Food Stores.
  • Accounting and Tax Services.
  • Financial Advisors.
  • Information Technology.
  • Telecommunications.
  • Healthcare Services and Providers.
  • Auto Maintenance and Utility Services.

Where should I move during a recession?

Here are the top 25 most recession-proof cities in the US, according to the SmartAsset report.

  • Durham, North Carolina.
  • Arlington, Texas.
  • Killeen, Texas.
  • Oklahoma City, Oklahoma.
  • Fort Collins, Colorado.
  • Alexandria, Virginia.
  • Fargo, North Dakota. David Harmantas/Shutterstock.
  • West Valley City, Utah. Google Maps.

Which Indiana industry is especially susceptible to a recession?

Heavy industrialization, however, has made the state’s economy vulnerable to recession, and Indiana has had its share of labour strife, especially in the steel industry.

What degrees are recession-proof?

Marketing Managers. College Major Studies/Degree Required: Advertising or Journalism.

  • Financial Managers. College Major Studies/Degree Required: Finance.
  • Computer Systems Software Engineers.
  • Chemical Engineers.
  • Electrical Engineers.
  • Mechanical Engineers.
  • Civil Engineers.
  • Computer Systems Analysts.
  • Why is gold recession-proof?

    Gold is Scarce and Keeps Up With Inflation That is, one of Gold’s best properties it that there is only so much on Earth to be mined. In the long run, the dollar, for example, cannot have scarcity because the U.S government can print as much as it pleases to satisfy any preconceived economic or political motives.