If a recession (or depression) really is on the way, where are the best places to hide without feeling the crunch? If you’re worried about forgoing your funds, you are far from alone, but there are things you can do and places you can go to prevent true poverty. As reported by Businessweek and MSN, here are the top 10 places to reside recession-less in the US:
1.) Arlington, VA
2.) Washington DC
3.) Durham, NC
4.) Madison, Wis
5.) Boston, Mass
6.) Pittsburgh, PA
7.) Baltimore, MD
8.) Baton Rouge, La
9.) New Orleans
10.) Philadelphia, PA
While I certainly don’t suggest packing your bags and moving, it’s nice to know there are places around that can help cushion the crunch.
Recession Retreats
Top 10 Places to Escape The Credit Crunch
Trend Themes
1. Recession-resistant Real Estate - With the global economy in a slump, investments in real estate in these top 10 recession-resistant cities will provide a safe haven for your funds.
2. Digital Nomadism - As remote work continues to gain traction, professionals can consider moving to these top 10 recession-resistant cities that offer affordable living costs and good quality of life.
3. Community-driven Solutions - Cities that are able to weather economic storms are those with strong, collaborative communities, making community-driven innovation crucial during times of crisis.
Industry Implications
1. Real Estate - The top 10 recession-resistant cities offer a unique investment opportunity for the real estate industry, with high potential for long-term growth and stability.
2. Remote Work - The rise of remote work has created a new market for the relocation and travel industries, presenting an opportunity to serve professionals looking to move to recession-resistant cities.
3. Community-building - During economic downturns, local businesses, government, and communities need to collaborate to provide solutions, leading to growth opportunities for community-building organizations and tech startups.