The thing with hard working jobs is that you need to consider pension. Probably you wont bei able to do heavy lifting stuff fulltime in your sixties. What then?
You seem to be pretty well off. Basically, you make in a month about a years salary of your location, plus investments, plus savings.
If anything happens, you will have a way better position than anyone else.
If you want to prepare for the most likely things to happen, care about your health, because neglecting it WILL come back to you.
Learn to relax, exercise, eat healthy, spend quality time with loved ones.
Any apocalyptical event is extremely unlikely. Even the pandemic is, after all, handled pretty well and did not turn out to be the end of civilization.
And remember, news site live from ad impressions these days
News have to be scary to be clicked, bad news are repeated and exaggerated. Nobody wants to read "all is fine today", and a lot of news is " because of X, Y might happen", although it barely happens.
Deal with it like with engineering: It's a problem, when it's a problem. Otherwise move on.
Just have a look which companies did good during corona, or which businesses were not affected by the lock down. Those are the real essential ones, which will be safe in a recession.
But how does average Joe pay for the account, if the prices for groceries, electricity, heating and transportation explode?
If things go really south, average joe will be happy if he can afford food and heat his rented flat at least a little bit in winter.
We already know that governments are likely to just start throwing loads money in every direction if they believe that things are going to go ‘really south’.
He probably will keep paying for a single service he really likes and share it with a bunch of people/family and split the costs. But yeah of course if it is between beans and rice and Netflix the person is gonna choose food. But that would be extreme poverty
