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Don’t buy car, fridge, or anything new, save cash: Amazon’s billionaire founder advises – do not buy car refrigerator this holiday season jeff bezos advice to people

highlights

In an interview with CNN, Bezos expressed the fear of economic recession.
Advice given to people to save money this holiday season.
Jeff Bezos said – only the saved money will be useful in times of recession.

New Delhi. Amazon founder Jeff Bezos has advised people to spend less and save more. He has asked people to save cash and avoid spending on non-essentials in the coming holiday season. Billionaire Jeff Bezos has given this advice in view of the possible recession in front.

In an interview with CNN, Bezos said that the people of America should not make any major purchases in the coming days, such as a new refrigerator, or a brand new car. This money will come in handy during the tough times of recession.

Bezos said, “If you live alone and you’re thinking about buying a big-screen TV, you should hold off, put down that cash, and see what happens. refrigerator, new car, or whatever.” The thing to note is that if people do this, then the revenue of Amazon, which is earning less than before, may fall further.

read this also – 10,000 workers laid off by Amazon not the end of bad times, many more left

expect the best, prepare for the worst
Additionally, the former Amazon CEO suggested that small business owners also hold on to cash instead of investing in new equipment. He said, “Risk as little as possible… hope for the best, but prepare for the worst.”

will donate most of his wealth
Jeff Bezos said that he would donate most of his $124 billion net worth to charity during his lifetime. The owner of a large e-commerce company told a TV channel that he would dedicate a large part of his wealth to fighting climate change and supporting people who can unite humanity in the face of deep social and political divisions.

Also Read – What is Economic Recession? Know the harm caused to the common man

Bezos is currently the executive chairman at Amazon, having been preparing for the role since last year, as Andy Jassy took over the CEO reins. E-commerce giant Amazon has started laying off employees from other technology companies like Twitter, Meta, Lyft, etc. Many companies including Amazon are facing slow revenue growth.

Tags: amazon, Amazon.com Inc., business news, jeff bezos, Recession

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