How to Prepare Your Savings for a Recession

»»» Episode 167 webpage with show links:
https://www.moneytalksnews.com/how-to-prepare-your-savings-for-a-recession/

The Federal Reserve's been raising rates all year, and they've signaled they're not done yet.

Rising rates act as a break on the economy, slowing it down in order to tame rising prices, otherwise known as inflation.

But there's a problem with slowing the economy…slow it too much and it could start sliding into reverse; in other words, a recession: two or more consecutive quarters of economic contraction.

Many experts (and investors) are wondering if a recession is coming in 2023.

We're already dealing with rising rates and a roller-coaster stock market. But preparing for a potential recession is a whole other ball game.

In this week's podcast, we're going to talk about how to do it.

As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's special guest is David Alison, CFP and president of C2P Enterprises.

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Видео How to Prepare Your Savings for a Recession канала Money Talks News