I know some people are panicked that the economy could crash depending on what Trump’s administration actually does. I have no idea, and will not make a prediction. But if things go wrong and unemployment soars, the most important asset is a support system of friends and family. So consider investing a little money in hosting a cookie exchange with your neighbors or having some people you would like to know better over for a pot luck dinner. A little cash in the bank is important, but it takes more than savings to get through the really hard times
I’m not sure how supply chains for those items could be affected by potential tariffs. It seems like hand wipes were a Covid-specific item in short supply?
We didn't have enough factories making them here and China (and other countries) shut down their factories to try and contain Covid.
I believe there were also issues with clearing the ships coming in.
Sometimes with tariffs, the consumer pays higher prices.
Sometimes, the exporting country just finds a different market with fewer hassles.
I know some people are panicked that the economy could crash depending on what Trump’s administration actually does. I have no idea, and will not make a prediction. But if things go wrong and unemployment soars, the most important asset is a support system of friends and family. So consider investing a little money in hosting a cookie exchange with your neighbors or having some people you would like to know better over for a pot luck dinner. A little cash in the bank is important, but it takes more than savings to get through the really hard times
Great point, Bill
This is smart. I’m going to check into it. Both of my devices are a bit long in the tooth; not yet old.
What my sister and I are saying to people is -- if you couldn't get something during Covid, stock up now.
TP, bleach, hand wipes, over the counter meds.
If money is tight, buy it in small amounts. If something is on sale, buy three instead of one. There are usually sales around New Years.
I’m not sure how supply chains for those items could be affected by potential tariffs. It seems like hand wipes were a Covid-specific item in short supply?