Looking for Recession-Proof Passive Income? Buy This Stock
Regardless of whether the U.S. economy is currently in a recession, there's no denying that the consensus among consumers is bleak. This is supported by a recent survey, which found that 62% believe the U.S. economy is already in a recession.
As consumer confidence and spending patterns are altered to reflect these beliefs, a recession could become a self-fulfilling prophecy. This is why it's critical for investors to prepare their portfolios for an economic downturn -- and healthcare stocks are arguably smart picks. That's because these companies sell products that are needed in both good times and bad.
Consider the pharmacy operator and health insurance company CVS Health (NYSE: CVS). It could be a great buy now for investors concerned about the future of the economy.
Source Fool.com
