![]() Thanks to the recurring nature of business, the sector is also known for paying reliable dividends. Building the infrastructure needed to deliver gas, water or electricity is quite expensive, and the industry is highly regulated by the government. High barriers to entry protect the profits of existing utility companies. The sector isn’t a fascinating one, but it is recession-resistant: No matter what happens to the economy, people will still need to heat their homes in the winter and turn the lights on at night. The utility sector consists of companies that provide electricity, water, natural gas and other essential services to homes and businesses. Some - like the three listed below - might be able to perform well even if the economy falls into a recession. ![]() But not all businesses are created equal. Just remove some risk from the equation.” “The same is true with a new automobile, refrigerator, or whatever else. “If you're an individual considering purchasing a big-screen TV, you might want to wait, hold onto your money, and see what transpires,” Bezos recommends. And that means you might want to tighten up your budget. Get in now for strong long-term tailwindsĪmazon, Meta, Alphabet, Salesforce and Microsoft have all announced thousands of layoffs, but as the billionaire notes, it's not just big tech. Rich young Americans have lost confidence in the stock market - and are betting on these 3 assets instead. Here's how much the average American 60-year-old holds in retirement savings - how does your nest egg compare? 'Hold onto your money': Jeff Bezos issued a financial warning, says you might want to rethink buying a 'new automobile, refrigerator, or whatever' - here are 3 better recession-proof buys ![]() You're seeing layoffs in many, many sectors of the economy,” Bezos said in an interview. 'Hold onto your money': Jeff Bezos warns you may want to rethink buying a 'new automobile, refrigerator or whatever' right now - these are 3 recession-proof buys insteadĪmazon founder and executive chairman Jeff Bezos is sounding the alarm, telling CNN the economy “does not look good right now.” ![]()
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