8 Recession-Proof Careers to Consider
The economy is often in flux, and we continue to see international events that can increase the effects of economic turmoil.
When a recession does come around, not every industry necessarily feels the weight of it. If you’re considering changing careers and job stability is a big priority for you, these recession-proof career paths may be worth considering.
What Exactly Is a Recession?
A recession is a period of economic downturn characterized by a significant and sustained decline in economic activity. As defined by the Bureau of Economic Analysis, a recession is two consecutive quarters of negative economic growth. This decline is typically measured by factors such as a decrease in Gross Domestic Product (GDP), rising unemployment rates, reduced consumer spending, and a slowdown in business activities.
In simpler terms: a recession means the economy isn’t doing well. People may lose their jobs, businesses may struggle, and overall, there’s less money circulating in the economy. Recessions can vary in severity, but they generally result in tough economic times for individuals, businesses, and the country as a whole.
What Does It Mean for a Job to Be Recession Proof”?
The idea of “”recession-proof jobs”” is often discussed during economic uncertainty. Though some jobs tend to remain in demand when the economy faces challenges