Are We In A Recession?
In all of the financial news articles, recession is a common topic lately. It seems that unfortunately, we’re nose diving into a recession.
Inflation has rapidly increased, the costs of living have increased, and there’s plenty of news of layoffs and unemployment.
Those financial guys are predicting a recession and say a recession is likely. That’s just depressing. But America has had recessions before and survived. The economy will have ups and downs.
The Feds are trying to ward off a recession by lowering interest rates and there are talks of tax rebates. But there’s no guarantee that those things would stop a recession.
With the inflation and layoffs, a lot of people will be looking for ways to cut back expenses and get more for their money. Even if we do go into a full fledged recession, it’s not the end of the world and we will come out of it eventually and things will pick up again.