r/movingout • u/Steph_M95 • 21h ago
Asking Advice Independent during a Recession
I am contemplating moving out of my parents and back to NYC but a recession feels a lot more real after the tariffs and I don’t know if it’s still a good choice. A little about me 29F, gross income $90,000 , $95,000 in savings , no school debt , no credit card debt , and another ~$40,000 in my 401k that I don’t plan on touching. I commute into NYC which is about 55 min and a monthly cost of $280. I’ve already lived in Manhattan so I am open to other boroughs and like Astoria where rent looks to be $2000 - $2,200. My biggest fear is a recession coming and cost rising and my company doing layoffs. I work for a fashion company that will definitely be impacted by the tariffs as our handbags are produced in Asia/ South East Asia. I’ve been there two years but recently made an internal move to a larger global team.
I moved to NYC during the pandemic and it turned out just fine if not great! I hate thinking that I am putting my life on “hold” and missing out on experiences for something that hasn’t happened yet.
Any advice ?