How to Keep Your Finances in Check During a Recession

Even if things do get worse and we cross into recession territory, there are ways to safeguard your finances. 
How to Keep Your Finances in Check During a Recession
There are ways to preserve your finances during a recession. Chay_Tee/Shutterstock
Javier Simon
Updated:
0:00

If you’re concerned about the future of the economy and the potential for a recession on the horizon, you’re not alone.

The consumer confidence index dropped by 7.9 points in April to 86, according to an analysis by The Conference Board, a global think tank. Moreover, the Conference Board’s Expectations Index, which is based on consumers’ short-term outlook for income, business, and labor market conditions, plunged 12.5 points to 54.4. This marks the lowest level since October 2011. It also falls below the threshold of 80, which typically signals a recession ahead.
Javier Simon
Javier Simon
Author
Javier Simon is a freelance personal finance writer for The Epoch Times. He specializes in retirement planning, investing, taxes, fintech, financial products and more. His work has been featured by major publications including Fox Business, The Motley Fool, NerdWallet, and Money Magazine.