Gen One Legacy

Should You Worry About a Recession?

May 15, 2020 Peter Donisanu
Gen One Legacy
Should You Worry About a Recession?
Show Notes

So why should you care whether the US economy is in a recession? By many estimates, growth in the second quarter is likely to come in at an even more disappointing rate. With unemployment spiking and various leading indicators still in decline, there's little doubt that a recession has arrived. An important question today is how deep this recession will be and how long it will last.  

 Any illusions of a quick fix to the coronavirus outbreak are fading fast. This new reality, coupled with waning confidence in fiscal policy, suggests economic conditions are likely to worsen in the coming weeks and months. 

 This week we discuss some steps you can take right now to improve your ability to build enduring during this time. This begins when you have a thorough understanding of some of the risks and opportunities that lie waiting amidst a recession.   

 Hunkering down and expecting today's events simply to pass will not only cost you but also put you further away from your critical financial goals. That's why we believe that you'll need to take a proactive posture right now to create and grow your wealth if your true aim is to pursue your life's passions and purpose. These proactive steps include maximizing your value to others and making your money work for you throughout this time of economic and market uncertainty.  

  

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