Should we travel during recession?
Should we travel during recession? As households' budgets tighten, spending on nonessentials like vacations are usually the first to go. But this large-scale trend doesn't mean that you or your family have to sacrifice travel during a recession. Of course, it's easy to scale back spending by traveling less frequently or to less pricey destinations.
Do flights get more expensive in a recession?
Another impact of a recession on the aviation industry is that it could lead to an increase in airfares. This is because airlines will be looking to offset the decrease in demand by raising prices.
Who benefits from a recession?
Higher interest rates that often coincide with the early stages of a recession provide an advantage to savers, while lower interest rates moving out of a recession can benefit homebuyers. Investors may be able to find bargains on assets that have decreased in price during a recession.