U.S. Economy Contractes, Recession Risk
This is a U.S. news story, published by Yahoo Finance, that relates primarily to HELOC news.
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recession concernsYahoo Finance
•Business
Business & Economics
Recession-proof your money: How to protect your savings, investments, mortgage, and more
65% Informative
The U.S. economy contracted for the first time in three years as a surge in imports dragged down GDP.
Economic growth contracted at an estimated annualized rate of 0.3% during the first quarter of 2025 .
Taking some steps now can help you recession-proof your finances and protect yourself from financial hardship during an economic downturn.
There are two main concerns when facing a looming recession: losing your job so you can't afford mortgage payments and your house value depreciating.
Avoid a cash-out refinance, home equity loan, or home equity line of credit ( HELOC ) for now.
Developing other streams of income is an excellent way to recession-proof your finances.
VR Score
67
Informative language
67
Neutral language
41
Article tone
informal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
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