budgeting tips

Recession

Survival Mode On: Financial Planning Lessons for Economic Downturns

Understanding Economic Cycles Economic downturns are an inevitable part of the financial landscape, but understanding them can empower you to take control of your future. What is an Economic Downturn? An economic downturn is a period when economic activity slows, marked by declining GDP, reduced consumer spending, and higher unemployment rates. These periods often lead to widespread financial anxiety. Causes…