Updated: August 14, 2020
Listen to Episode 32:
Summary of Episode 32:
What is GDP? What is a recession in layman’s terms? (1:08)
How does an economic recession affect ordinary citizens? (3:10)
Mentioned podcast episode: How to Cope with Losing Your Job (Episode 21)
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As history has shown time and again, the economy will eventually recover and the only question is when. (7:38)
How to survive a recession. (8:35)
The best way to survive through a recession is to create and follow a sound financial plan, and for us to work together in bringing our economy towards recovery. (14:16)
Links for further information:
- Article: What To Do During a Recession to Protect Your Money
- Article: Recession vs Depression: A Primer on the Economic/Business Cycle
- Video: What is a Recession? What Happens During a Recession?
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