Recession fears in U.S. may lead to economic downturn, consider shift to safer investments.
From Yahoo Finance: 2025-04-06 07:30:00
Recession fears persist in the U.S. with predictions of a 40% chance of a recession in 2025, leading to a possible economic downturn due to a rocky stock market, tariffs, and weakened tourism.
To protect investments, diversify your portfolio and consider shifting to safer investments like bonds and high-yield savings accounts, especially for retirees during a recession.
While the market is down, consider buying stocks with growth potential, hold onto current stocks, and consider assets like stocks, bonds, and commodities like gold for stability during economic volatility.
Paying down debt, budgeting, and reducing expenses are crucial during a recession. Review fixed expenses, negotiate bills, and consider downgrading to save money.
Building an emergency fund is essential for financial health. Start saving with a monthly goal in a high-yield savings account to prepare for unexpected expenses like a car accident or job loss.
Read more at Yahoo Finance: Are recession fears keeping you up at night? Here are 3 moves to protect your money amid Trump’s trade wars