How to Prepare for a Recession: 5 Money Rules Experts Recommend

Getty Images/ Jeffrey Hazelwood/ CNET It's not just a hunch. Prediction markets currently estimate a 55% chance of a recession in 2025, up more than 30 percentage points since the start of Trump 2.0. President Trump’s chaotic tariff campaign has sent financial markets into a tailspin, trampling consumer confidence and fueling recession concerns. The slogan "Make America Wealthy Again," announced alongside aggressive trade war threats, has caused more economic chaos than conviction. When households see a decline in their investments, battle high prices and worry about layoffs, they tend to spend less. When businesses are unsure where the markets are going, they tend to cut costs and delay hiring. Those factors alone propel an economic slowdown. Financial uncertainty can become a self-fulfilling prophecy, said Shang Saavedra, founder and CEO of Save My Cents, a personal finance education platform. The prospect of a recession rightly causes anxiety and stress. As painful as they are, ... Read full article.