Which coverage groups are most "recession proof" and least prone to layoffs?
Was wondering which coverage groups are generally considered to be the most "recession proof" and lease prone to layoffs?
Thanks!
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Healthcare
If you want recession proof, go to medicine or dentistry.
High risk high reward, Alpha Mike Foxtrot.
Power and Utilities
Usually, anti-cyclical industries with consistent demand through cycles, so (re)insurance, insurance services, healthcare, healthcare services. Some niche subsectors do even better in a downturn like low cost auto insurers. However, even though they don't correspond to economic cycles, they do have their own "acts of God" cycles, where things can get pretty hairy, and government regulation can also be a big uncertainty sometimes.
Everything mentioned above.
Would also add industrials and some parts of Business Services (blue collar services etc).
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