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Managing Your Finances Before (and During) a Recession
BudgetingManaging Your Finances Before (and During) a Recession

While most people are familiar with the term “recession,” they may not know how it affects them directly. Simply put, a recession is an economic downturn that lasts at least six months (i.e., two fiscal quarters). The downturn is linked to an overall decline in economic activity, in which supply mostly outweighs demand due to a lack of consumer spending.

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