Economists are worried that rising prices, tariffs, and a cooling job market could tip the U.S. economy into a recession. “During recessionary periods, a perfect strategy to protect wealth is to ensure you have a diversified investment portfolio that you add to systematically,” said Nicole Simpson, the founder and president of Harvest Wealth Financial. Ryan Greiser, a financial advisor and the co-founder of Opulus, advises his high-income millennial clients to find an alternative. “This means building income streams from skills you already have: consulting in your field, teaching online courses, or freelance work. “The people who thrive during recessions don't just have money—they have access to money when they need it most,” Greiser said.