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Please note, as an Amazon Associate and affiliate for other brands, I earn from qualifying purchases. This post may contain affiliate links or product reviews for which I may receive compensation. For more details, please see our Terms & Conditions and Privacy Policy pages. Thanks for visiting!
The last recession began more than 12 years ago. So for many young families, you may have never experienced an economic downturn as an adult. And to be clear, we haven’t officially been declared in a recession… yet. But as recessions are typically well underway before being declared, and given current leading economic indicators, I think it’s safe to say we likely are. But instead of fearing a recession, I prefer to arm you with information and facts to prepare you instead. The fact is economic cycles happen. So let’s talk about exactly what happens during a recession.
Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with!
You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.
[…] is measured. It’s also the key metric used in defining an economic cycle. When we look at what happens during a recession, it is when there is a decline in a country’s […]
[…] 2020 Recession looked a little different than most. Typically during a recession, consumers pull back on spending, which leads producers to cutting employment, and incomes falling, […]
[…] getting more than any other: are we in a recession? By traditional historical measures, knowing what happens during a recession, the short answer is likely yes. But the official group that declares recessions has not yet, so […]
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[…] economic recessions are in fact a normal part of the economic cycle, what initially triggers them often varies and isn’t always normal or […]
[…] is measured. It’s also the key metric used in defining an economic cycle. When we look at what happens during a recession, it is when there is a decline in a country’s […]
[…] 2020 Recession looked a little different than most. Typically during a recession, consumers pull back on spending, which leads producers to cutting employment, and incomes falling, […]
[…] getting more than any other: are we in a recession? By traditional historical measures, knowing what happens during a recession, the short answer is likely yes. But the official group that declares recessions has not yet, so […]