Save up as much as u can now and hope the money u save will last awhile (assuming you don't have enough to do any major invesement right now). Get a job with better job security I guess and try not to spend too much.

Get your money out of USD if you're holding any..

Can somebody explain to me why US gets a credit downgrade, but more people buy US treasury/USD goes up?

My coworker explained it like this, and I really like it:

Lets say you have a big solid rock (the US economy), with a ton of other rocks (other country's economies) stacked upon it. If all of a sudden the big rock becomes less stable, what is the relative stability of the other rocks piled ontop? Even more unstable!

So when the US was rated less stable, public perception is that if the most stable investment out there is shaky, then all the other seemingly stable investments must be even worse. People flee these less stable investments and need somewhere to park their $$. The US is still, in public opinion (not rating agencies) the most stable, so guess where the money ends up!

Weird, yet makes sense when they factor in that people are sheep.

^ this. Cash is king and mobility is key.

Holding half a million of mortgage debt in an overpriced city with no real economic backbone is the worst thing you can do for your family - yet most people see it as the safe and stable thing to do. :facepalm:

QFT. I hate how a $500K mortgage for a middle-class family has become normal and no one even questions it anymore...nevermind the fact that it's usually on a 30+ year term.

yeah i dont plan on buying anytime soon.
not interested in getting fucked when interest rates spike up.

USD is going up because Mutual Fund Money is getting out of stocks. Relinquish stocks, acquire cash. Acquiring cash means more demand for Money. Thus, the value of the USD is higher at this point in time.

Again, we're talking about Investment money here by multibillion corporations; Money that moves by the tens of millions at a time. If it's enough to change stock prices, best believe it is enough to change currency value.