COVID-19 Economic Depression: How to deal?
How can we prepare for and mitigate the effects of economic depression as residents of a major US city (NYC)?
It's clear the world is headed for an extended economic depression. History teaches us that cities are badly affected by depressions. Crime goes up, local services get worse, "-isms" get worse, the world gets.....meaner and smaller and less stable.
We're fortunate enough that my partner and I are unlikely both to be made unemployed at the same time in the medium term and will thus keep our home and be able to pay bills. (And yes, we realize this is a position of immense privilege)
What should people such as ourselves - middle-class, middle-aged apartment owners who are not on the edge of precarity - do mentally and physically to prepare for and mitigate the consequences of economic depression?
I'm seeking advice on BOTH the mechanics of the obvious:, like improved situational awareness and security for themselves and their belongings, but ALSO other advice on activities, mentalities etc.
Open to links to discussions on this from other places as well..
We live in Queens, NY, near some neighborhoods that are already economically badly affected and will get worse. So, obviously, I'm particularly interested in NYC, USA, but more general relevant advice is welcome.