Is a recession in the cards for 2023? Last year, many economic experts were convinced that conditions would deteriorate at some point this year. But as of now, consumer spending seems to be holding up and unemployment remains low. Throw in the Federal Reserve's recent rate hike pause, and it's questionable as to whether a recession will actually hit before 2023 comes to a close.

That said, it's a good idea to gear up for a near-term recession, just in case. And recent data from Nationwide reveals that pre-retirees are making one important move to do just that.

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Source Fool.com