Skip to content
Home » News » Business » Are you ready for a recession? A survey says probably not

Are you ready for a recession? A survey says probably not

A new survey says many Americans are not prepared for a recession.

According to a new survey by bankrate.com, 40 percent of Americans are not ready for an economic downtown if it were to happen in the next six to 12 months.

Nearly a quarter of the respondents said they were not very prepared, while 16 percent said they were not prepared at all.

“This is where a lot of Americans need to learn to flex their financial muscles,” says Megan Gorman, founding partner of Chequers Financial Management, a San Francisco-based financial planning firm. “Most Americans are reactive to their money, and they are not proactive. You should always be preparing for downside risk.”

Read more from CNYCentral.com

Categories: BusinessNews

Top