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In this video, Chelsea dives into the do’s and don’ts of financially preparing for a recession. You can’t always prevent the worst from happening, but you can prepare for it, from staying in a stable job to fleshing out your emergency fund.

Script by Maggie Olson

Source links:

https://www.cnbc.com/2022/07/02/some-experts-say-a-recession-is-coming-how-to-prepare-your-portfolio.html

https://www.businessinsider.com/personal-finance/what-is-a-recession

https://www.cnbc.com/2022/03/09/you-may-miss-the-markets-best-days-if-you-sell-amid-high-volatility.html

https://www.schroders.com/en/uk/private-investor/insights/markets/the-data-that-shows-a-case-for-long-term-investing/

https://www.cnbc.com/2022/05/24/last-in-first-out-risks-of-joining-great-resignation-in-a-recession.html

https://www.federalreserve.gov/publications/2022-economic-well-being-of-us-households-in-2021-dealing-with-unexpected-expenses.htm

https://www.cnbc.com/2022/01/19/56percent-of-americans-cant-cover-a-1000-emergency-expense-with-savings.html

“Great Resignation” Sees Record 4.5 Million Workers Quit in March 2022

https://www.gobankingrates.com/money/jobs/more-than-9-in-10-working-americans-have-side-hustle-2022-is-it-best-way-to-boost-income/

https://www.nber.org/digest/sep11/job-loss-great-recession

https://www.valuepenguin.com/average-credit-card-debt

https://www.cnbc.com/2022/06/15/what-the-feds-highest-rate-hike-in-28-years-means-for-you.html

https://www.washingtonpost.com/business/2022/06/15/7-tips-on-how-to-survive-a-recession/

What Percentage of Co-Signed Loans Default?

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