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.