Here’s Why Americans Turn To Cash When Recession Looms — but Is It the Right Choice?

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There are a few main reasons that people will hold on to cash during uncertain economic times.

Koontz, a banking expert atJD Koontz LLC.

There are two major issues with relying on cash during times of high inflation and market uncertainty.

However, its worth noting that a recession hasnt been declared despite signs that one was coming.

Additionally, the Fed has stopped rate hikes and recently cut interest rates for the first time in years.

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