So I've read a fair amount of doomsaying over the past few months regarding a potential recession coming due to some combination of wage growth, underemployment undercutting good unemployment numbers, labor pool limits, rising bond prices leading to inflation, rising household debt, stagnating housing market, State government reserves, Fed rate increases, tariffs, lower overtime hours in manufacturing, skyrocketing inventories in advance of trade issues, and so on.
Regardless of whether you agree with the pessimists or not, for the sake of this thread lets assume that it's a realistic and plausible possibility. As a regular person with a wife and kids, two medium salary jobs, a growing but small 401k, a home with maybe 10% equity, a modest emergency fund, and two cars with just a smidge of negative equity; is there anything I should be doing in preparation to limit the effects of a recession on my family?
Submitted October 08, 2018 at 12:51PM by mnemonikos82 https://ift.tt/2QAUylM
