Lessons Learned from Previous Recessions
Amid worries of a recession, advisors need to help their clients be prepared and feel ready for whatever happens next. Many lessons can be learned from previous recessions and how investors adapted, including strategies that avoid risk and the best places to put money when planning for the long term. Revisit Your Clients’ Budgets and Expenses One of the most common concerns d...
Almost 70% of Americans Don’t Feel Financially Prepared for a Recession
The events of the last few years, including the pandemic and Russia’s invasion of Ukraine, have created an unparalleled disruption in the global economy. Record-high prices for essential purchases such as fuel and food are just one reason many Americans anticipate a recession. In fact, a recent survey from MagnifyMoney found that 70% of Americans expect a recession, and 68% feel unprepar...
