A recession is a period of economic downturn, typically characterized by a fall in gross domestic product (GDP), high unemployment, and a decrease in business activity. A recession can have significant impacts on retirement planning and financial security.
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The wealthier you are, the less price increases on groceries and cars will hurt you, but if markets dive or we enter a recession, that's a different story....
Episode 453: The media just discovered we’re in a manufacturing recession. Should you be worried? Well, manufacturing has been contracting for two years, so it’s not a new problem. It&rsqu...
U.S. house prices and rents have been rising for decades, interrupted only by the Great Recession. Rising costs have increased the already considerable burden on low-income people to pay for housing. ...
In a previous post, I discussed the futility of working when your net worth is declining. During a stock market crash or recession, your Return on Effort (ROE) for working drops significantly. Therefo...
The recession that economists predicted has never materialized. Unemployment has been under 4 percent for more than two years, a low more characteristic of the go-go 1960s than modern times. But altho...
What a year 2023 has been! We started the year off with every economist out there predicting a terrible, horrible, no-good recession hitting the US as a result of all the interest rate hikes the Centr...
The more the Great Recession recedes in the rearview mirror, the clearer is the damage sustained by the workers born in the final years of the baby boom. These so-called late boomers were between 42- ...
New regulation, bitcoin spot ETF approval, and a U.S. recession are the factors most likely…...
Americans Aren’t Saving Enough For Retirement: How To Avoid Being Part Of The Problem Key Ideas Retirement savings statistics suffered before the recession, but are now worse. Reveals the only s...
Baby boomers tend to be viewed as one group. But thanks to the Great Recession, younger boomers have had a much harder time saving for retirement....
Additionally, close to one-third believe the economy will drop to a recession if their…...
Todays resources explore a wide variety of topics. We start with a look at how various investments have performed historically during periods of recession and why you should be careful how you utilize...
It’s been well documented that the COVID recession and layoffs in 2020 were particularly hard on Black, Hispanic, and Latino Americans. But if they had a disabling physical and medical condition...
Chances of a recession went way up since the federal government takeover of Silicon Valley Bank and Signature Bank....
As the economy goes down the tubes thanks to a Fed-induced recession, anger against anybody who is perceived to have more wealth or success will go up. As a result, it’s important to practice St...
Much has been said about inflation hurting society. As people’s buying power decreases, life gets more costly. Heck, the Fed seems hell-bent on causing another recession to contain inflation. Ho...
Given inflation, rising interest rates and a possible recession, how can near-retirees feel confident that their planning will ensure a fun and secure retirement?...