Jeff Bezos Advises Against Expensive Purchases To Avoid Recession

Jeff Bezos, the founder of Amazon, advises against spending money on expensive purchases in order to avoid recession.

Jeff Bezos, the founder of Amazon, has advised people to postpone large purchases during the holiday season to avoid a recession.

In an interview with CNN, he recommended that consumers keep the cash they have in their wallets safe and avoid unnecessary expenditures.

His advice to people was to avoid high-ticket items such as expensive cars and televisions amid recession concerns.

“Take some risk off the table, keep some dry powder on hand…. Just a little bit of risk reduction could make the difference for that small business, if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit,” Jeff Bezos said.

“If you’re an individual considering to purchase a big-screen TV, you might want to wait, hold onto your money, and see what transpires. The same is true with a new automobile, refrigerator, or whatever else. Just remove some risk from the equation,” he concluded.

During the same interview, Bezos also pledged to contribute the majority of his $124 billion net worth to charities that fight climate change and help bring humanity together.

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