What Does a Recession Mean for Your Retirement?
The U.S. economy shrank for a second straight quarter, which has renewed many Americans' concerns that a recession could be coming.
To be clear, we're not officially in a recession just yet. The National Bureau of Economic Research (NBER) is responsible for deciding when the country is in a recession, and it looks at factors such as the labor market, consumer spending, worker incomes, and GDP to determine when to make the call.
Despite the slowing economy, the NBER has not declared a recession yet. While nobody knows when or if it might happen, it may be wise to start preparing just in case. Here's how it could affect your retirement.
Source Fool.com
