We’re gathering your questions about all things money and finances. Then, we get your questions answered by the people who know best.
Anthony from Kankakee asked:
“I’m just wondering what to do now that I’ve gone through my retirement funds to save my house in the last recession. With the new recession coming, what should I do to protect myself?”
Recession indicators
Earlier this year, banking giants like JPMorgan and Goldman Sachs increased their odds that the U.S. will hit a recession this year, saying the probability was 40% to 60%.
But Christine Benz, director of personal finance and retirement planning at Morningstar, said, “It’s not a given that we will be moving into a recession.”
Courtesy of Morningstar
“There are a few indicators that perhaps the economy is weakening. We’ve