Recession fears are mounting. Here’s how to protect your money

R/I ~ AA

.

Warnings of a potential recession aren’t surprising given how many tripwires there are in today’s economy.

A push by the Federal Reserve to raise interest rates and combat high inflation. Supply chain shortages. An ongoing global health crisis. And of course, the geopolitical earthquake caused by Russia’s invasion of Ukraine, which is also threatening to create a world food crisis.

Even if the US doesn’t fall into a recession — and there are signs it may not — there are plenty of economic headwinds that could have potentially negative effects on your finances. Here are ways to assess your situation and guard against losses.

Continued

Embrace Common Sense

Article URL : https://www.cnn.com/2022/04/28/success/money-moves-recession-geopolitical-unrest/index.html