Worried About a Recession? 6 Money Moves Experts Say to Make ASAP

Prepping for a recession? Experts recommend hoarding cash and learning new skills. Getty Images/ Jeffrey Hazelwood/ CNET Recessions don’t come out of thin air. Over the past month, President Trump’s chaotic tariff campaign has sent financial markets into a tailspin, trampling consumer confidence and fueling concerns of a significant economic slowdown. Households are battling high prices, facing layoffs and watching their investments decline, which causes them to spend less. Businesses, unsure of where the markets are going, are cutting costs and delaying hiring. Financial uncertainty can become a self-fulfilling prophecy, said Shang Saavedra, founder and CEO of Save My Cents, a personal finance education platform. As painful as they are, economic downturns aren’t anomalies. Modern capitalism has a historic boom and bust cycle. Since the mid-20th century, the US has experienced a recession roughly once every 5 to 7 years, with an average length of 11 months. The last recession beg ... Read full article.