Families LIVING In These Cities Will Be Wiped Out! Stock Up & Prepare! 3 Recession-proof ETF's

Americans living in New York City San Francisco and Honolulu all need to earn in excess of 300 000 per year just to have the purchasing power of a hundred thousand dollars as persistent inflation continues to drive up the cost of living according to a new report things are only getting worse folks Americans need to earn a significantly higher salary just to enjoy the full value that one hundred thousand dollars in financial technology company smart asset found in a study that analyzed how much six-figure salaries compared to the cost of living in 76 of the largest United States cities now this particular study actually found that New York San Francisco and Honolulu have a cost of living that is well over 80 percent above the national average residents of these cities would have to earn over three hundred thousand dollars actually feel like they're making a hundred thousand dollars in annual income just because it's so freaking expensive it's crazy right so Honolulu top the list requiring an income of three hundred twelve thousand four hundred dollars free tax folks pre-tax right so even if you're shopping at Walmart Target Costco you're trying to save money and go work out you need to make a minimum of three hundred thousand dollars New York came in at a very close second with three hundred and twelve thousand dollars and while San Francisco required three hundred and ten thousand seven hundred dollars so if you guys are thinking about living in these cities if you live in these cities of the spectrum we've got Memphis Tennessee you got El Paso you've got Oklahoma all these different cities would uh would cost a living below the national average had the lowest earnings needed to have one hundred thousand dollars of purchasing power now in Memphis from Memphis Tennessee where the cost of living is just uh 13.8 percent below the national average you'd actually need 117 000 in El Paso so in El Paso you would need 119 000 will actually get you the cost of living of 12.3 below average now very similarly in Oklahoma uh 120 000 salary would basically suffice there's over half of Americans on high income salaries above 100 000 are living paycheck to paycheck in December as inflation continues to outstrip wage growth it is based on a survey that came out recently in January so the same high income earners are struggling to just keep up with monthly bills and since hitting the peak of just nine percent in January inflation in the United States has dropped steadily but remains unbelievably elevated now in March the rate of consumer price inflation was five percent remaining significantly higher and above average compared to the last 30 years so folks side hustles uh small businesses home-based businesses it's almost a requirement at this point and in a very similar survey by asset by smart asset New York ranked among the highest of the cost of living and it said that the cost of living compared to a hundred thousand dollar salary with the six figure some feeling more like thirty six thousand dollars so what they're saying is that in New York if you make if you only make a hundred thousand dollars a year in New York it feels just because it's so expensive it feels like you're only making 36 000 a year so it's almost like it's just unbelievable you think that Boston and Los Angeles follow very closely behind the 100 000 equating the forty six thousand dollars and forty forty five thousand dollars respectively at a high cost of living in New York stems from the inflated rental prices and the wages that are struggling to keep up rent prices are up 13 in August of 2022 compared to previous years while the wages dropped nine percent according to data from Easy Street now the real question is where do you invest your money during a recession I want to talk to you guys about that one so I would say that the best or at least three of the best ETFs to buy in a recession in 2023 at least According to some recent Financial experts and analysts economists um let's let's let's just go ahead and break some of these down for you guys because a lot of you guys are saying Hey how do I make money in 2023 how do I protect my Wells how do I actually create passive income and uh compound my money financially during a recession right and recession feels fears are swirling and we know that right and so this means that investors are worried about a bear Market or a stock market collapse and let's let's just talk about you know the three sectors that tend to outperform when the S P 500 declines 20 or more so we're talking about Staples Health Care talking about utilities so when times get tough investors tend to flock to steady defensive areas in the market and so let's go ahead and zero in and just talk about like three different uh ETFs exchange traded funds that tend to outperform when the stock market hits the bear market so let's talk about the consumer Stables select sector spdr fund right so this is an ETF there's a basically just an exchange rate fund full of full of stocks that are available to be purchased individually on platforms like you know E-Trade Robinhood uh M1 Finance you you name it right now one of the first ones is the consumer staples ETF ticker symbol xlp now this particular fund is packed with your everyday companies your your consumers have grown to love right we are talking about your targets you or your Walmart your Coca-Cola ticker symbol KO right and so xlp offers a very attractive forward passive income dividend yield of 2.68 and uh and like I said this one actually has um has the stock Coca-Cola in it and Coca-Cola pays a three percent dividend and uh this actually this one stock in the in this particular X excuse me this one particular stock in this uh ETF makes up ten percent of it so it's a big it's a big player in there Health Care sector spdr ticker symbol XLV right and so this is the next area that can really Thrive during a recession this is the healthcare space right so this is more of like a defensive uh play uh in terms of um trying to offset the inevitable losses that will probably take place in the stock market uh Healthcare is a good spot to be so this is a ETF ticker symbol XLV all right so the healthcare the healthcare Select spdr Fund ticker symbol XLV it offers a forward dividend of 1.68 it's an easy way to kind of get a broad-based healthcare exposure um not a bad not a bad ETF to be invested in probably not one of my personal favorites to kind of go heavy on but I think it's good to have this one just in terms of diversification of my assets so I wanted to definitely share that one with you and um the top holding in this particular one in this particular ETF is pharmaceutical giant Johnson Johnson ticker symbol J and J and this particular company has a very deep history of dividend growth in fact uh if I'm not mistaken I believe it is one of the dividend Aristocrats that we're talking about in a previous video basically to become a dividend Aristocrat you have to have consistently paid out your dividends for at least the last 25 years in a row without any type of interruption in your dividend payouts to your shareholders now uh Johnson and Johnson is actually independently like let's just say you want to invest in Johnson and Johnson stock Johnson and Johnson ticker symbol J and J actually pays a dividend of 2.77 so um not a bad place to invest money from a defensive standpoint during a recession and the last ETF I want to talk to you guys about is Tigger symbol xlu I'm gonna drop the details on that one in the description down below drop a like subscribe be safe