You’re probably asking, are we or are we not in a recession? Well, believe it or not, this past summer a group of politicians, economists and market professionals actually engaged in debate of semantics over whether or not the U.S. economy was in recession.
Lately, it’s hard to watch the news or go online without seeing two popular buzzwords being tossed about – inflation and recession. Many ask, which one is worse? How worried should I be? Or even – what do they mean and how are they different?
No one can predict a potentially pending recession, but it doesn’t mean you shouldn’t be prepared. Now would be the time to make sure you have a downside risk mitigation program as the nucleus of your retirement system.