Economics

Is The Insurance Industry Recession Proof?

According to Randy VanderVaate, president and owner of Funeral Funds, the insurance industry is recession-proof because individuals need insurance whether the economy is good or bad. “We’ve discovered that people are more financially susceptible when a death occurs during a recession,” VanderVaate added. “As a result, most families regard life and health insurance as a

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What Market Sectors Do Well In A Recession?

Healthcare, food, consumer staples, and basic transportation are examples of generally inelastic industries that can thrive during economic downturns. During a public health emergency, they may also benefit from being classified as critical industries. Which industries are the least impacted by the recession? While an economic slowdown or widespread catastrophes such as a pandemic may

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