Florida Better Prepared For Recession, Wealthier Than Many States, Experts Say

Florida is not only richer than many states when it comes to personal wealth, but is more resilient for the time an expected national recession sweeps the country. “Economically speaking, we have our flashlights, batteries, food and water,” Sean Snaith, an economist at the University of Central Florida, said Thursday upon the release of his quarterly state economic forecast  “Compared to what Florida went through in the two previous recessions, the next recession will be more akin to a tropical depression.” Snaith’s analogy, of course, is designed to greet the arrival of the 2023 Atlantic hurricane season, which started Thursday. Many economists and financial analysts believe a U.S.