How to Prepare for a Recession.

  • Published In: Atlantic.com, 2025. P. 7 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Novicoff, Marc 3 of 3

Abstract

The article discusses how Americans can prepare for a potential recession, emphasizing the importance of building up liquid savings, cutting back on spending, and being cautious with investments. It highlights the impact of President Trump's tariff regime on the economy and the likelihood of a recession. The advice varies based on age and financial situation, with older individuals and those at risk of job loss being urged to prioritize liquid savings. The article also touches on the potential consequences of widespread saving and deferred purchases on the economy, and the role of government intervention in mitigating the effects of a recession. [Extracted from the article]

Additional Information

  • Source:Atlantic.com. 2025/04, p7
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2025
  • Accession Number:184467602
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