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Now everyone wants to know: is a recession on the way?
It could very well be, with trade wars ramping up and inflation about to reach record levels.
However, that doesnt mean that they are the only factors driving a potential recession.
In fact, a few other economic mechanisms are at play that could affect you and your familys money.
Below are four surprising things that couldimpact your wallet if a recession hits.
In my opinion, the most terrible thing long-term investors can do is sell because theyre afraid.
Now, when things are looking gloomy for the economy, is the perfect time to start saving.
This gives you a buffer in case of job loss or unexpected costs, Kim explained.
Preparation now can give you more financial flexibility and peace of mind later.
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