Amazon its founder Jeff Bezos has warned consumers and businesses to delay big purchases during the holiday season to avoid an economic downturn.
In an interview during an interview in an interview, he advised customers to protect their money and to avoid spending too much.
Because of the fears of recession In light of the recession fears, He warned Americans to stay clear of buying high-priced products like TVs and expensive vehicles.
“Take some risks and get them off of the board and keep the dry powder in your inventory. Just a tiny bit of risk reduction could be the difference for the small-sized business, should we run into more severe economic troubles. You have to be willing to gamble with the odds a bit,” Bezos was quoted as saying.
“If you’re thinking of buying a large-screen TV You might want to hold off, save your cash, and watch the results. This is also true for the purchase of a brand-new refrigerator, car, or any other item. Remove some of the risks,” he added.
Also in the interview, Amazon’s CEO said the majority of his net worth of $124 billion to organizations that fight climate change as well as to help those who are able to unite humanity.