You’ve likely seen competing headlines about whether the economy is heading toward a recession.
Amid bank failures, high inflation, and a tumultuous stock market, experts and investors alike are concerned about the economy taking a nosedive. Cutting through the noise to understand how your personal finances will be affected can be challenging. For the economy to be in a recession, economists have to see a significant decline over a long period of time in GDP, employment rates, production, and other factors.
