Many Americans and economists think rising inflation issues, interest rates and housing costs may be warning signs of a looming recession. According to a Bankrate poll, nearly 7 in 10 Americans are worried about the possibility of a recession before the end of next year. Unfortunately, many Americans don’t feel prepared for an economic downturn.
More than 40% of Americans don’t think they’d be prepared for a recession if it were to happen by 2023.
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