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If a recession hits, here’s exactly what I’d do with my money: 1. Move every dollar out of big banks like Chase, Wells Fargo, or BofA and stash it in a money market or high-yield savings account. No reason to let my cash earn next to nothing. 2. Cut out the fluff — no more paying for five streaming services I don’t use or ordering Uber Eats three times a week. 3. Double down on investing. While everyone else is panicking, I’d be scooping up stocks at a discount. Recessions don’t scare me — they’
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A recession is a period of economic downturn. It is characterized by a fall in gross domestic product (GDP), an increase in unemployment, and a decline in business activity. Recessions are usually accompanied by a drop in the stock market and a reduction in household wealth. They can have a number of causes, such as a financial crisis, a recession in a major trading partner, or a decrease in consumer or business confidence. Recessions can have serious consequences for individuals and businesses,
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