Not many people now sit literally on cash, because there is no cash. Money in banks are just IOUs. Even cash societies are very much cashless nowadays. Having cash as notes is dangerous, because you are automatically suspicious for doing bad things (like gambling..).
The banks will get the hardest hits if recession comes. There will be payout restrictions, capital freezing. Or hyperinflation. There is no flawless strategy for the dystopia that is coming. Everybody will be hit hard in some way. I believe BTC will skyrocket, so I keep sitting on it, but no money help much to live in a failing society.
If you talk to God, you are praying; If God talks to you, you have schizophrenia.