In October, economists surveyed in a quarterly Wall Street Journal poll estimated there is a 63% chance of a recession this year.
But with the uncertainty of a recession, how can one prepare? Experts suggest paying down high-interest debt and bolstering savings in the event employment is lost, but that takes time. “We all know it’s important to save for retirement, but if times are hard you may have to cut back on that 401k contribution a little bit,” said Dunston. “If you don’t have enough cash to meet your bills or you don’t have enough in a rainy-day fund, we always recommend that you have a secure foundation first.”
Joe Gladstone, a professor of marketing at the University of Colorado Boulder, says maintaining perspective, even if it does not pay the bills, is important during recessionary times as it can help reduce anxiety, a major component of their effects.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consensus 2023 Presented by CoinDesk | April 26-28, 2023 | Austin, TX | CoinDesk.kevinrose started his investing career as an angel investor in Twitter, Facebook and Square. Now the founder and CEO of proof_xyz, he's credited with creating the PROOF Collective and moonbirds NFT collections. Join him at Consensus2023: thejoelau 💙⚡️💙⚡️💙 AlchemyPlatform thejoelau Buy before start Bull 🐂 Can't wait to join the crypto and Web3 community at Consensus2023! See you there!
Source: CoinDesk - 🏆 291. / 63 Read more »
Rivals.com - Rivals Rankings Week: Final five-star countdown for 2023 classnico_iamaleava8 adamgorney Super excited to see the UT on UT battles in the future. ArchManning Ya know, I’ve always said Rivals is the most respected and top tier recruiting site out there! nico_iamaleava8 adamgorney Can’t wait for the UT vs UT matchups
Source: Rivals - 🏆 536. / 51 Read more »
The Return of Ric Flair to Scout Comics in April 2023 SolicitsThe Return of Ric Flair to Scout Comics in April 2023 Solicits ricflair scoutcomics RicFlairNatrBoy jameshaick Eu_o_Loureiro
Source: bleedingcool - 🏆 20. / 69 Read more »
Inside Red Phone Booth speakeasy — a cigar bar in an unlikely Dallas-Fort Worth spotRed Phone Booth opens in The Colony in late February 2023.
Source: dallasnews - 🏆 18. / 71 Read more »
How to Watch 2023 US Figure Skating Championships: Schedule, Athletes, MoreThe 2023 U.S. Figure Skating Championships are being held this week in San Jose. Here's what you need to know about the competition to decide who represents the U.S. at the world championships in Japan.
Source: nbcbayarea - 🏆 596. / 51 Read more »
Is Pennsylvania one of the best states to retire? A study found outA new study has found which states are the best for retirement as of 2023. if you want to die of depression
Source: PennLive - 🏆 463. / 53 Read more »