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‘We’re looking at a slowdown’: As economists call odds on a recession, Americans need to prepare

Moneywise
Summary
Nutrition label

82% Informative

Leading economic indicators are pointing to a slowdown.

The yield curve is signaling a recession.

The Conference Board is forecasting that GDP growth will slow.

Consumer confidence is dropping, recent data for retail sales has been weak and the Federal Reserve Bank’s Economic Policy Uncertainty Index is high.

If you’ve been laid off, talk to your adviser about strategies that may make sense in low-tax years, such as a Roth conversion. You may not have much control over whether there’s a recession, but you can take steps to weather the storm. Read more: Are you rich enough to join the top 1% ? Here's the net worth you need to rank among America ’s wealthiest — plus 2 ways to build that first -class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind..

VR Score

81

Informative language

78

Neutral language

64

Article tone

semi-formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

21

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