Nobody likes the R-word. Recessions, or periods when the economy is shrinking instead of growing, can hurt the stock market and have real-life consequences, including layoffs.

However, recessions happen frequently throughout history. Since World War II, the United States economy has averaged a recession every six and a half years.

Your wealth-building journey will likely span decades, putting you on a likely collision course with eventual adversity. While you can't prevent recessions, here is how to prepare for them.

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Source Fool.com