How to Prepare for a Recession at Every Age
More than 75% of Americans predict a recession in the next two years, according to a 2022 Personal Capital survey. In today's video, Joel Larsgaard from the How to Money podcast joins me to discuss top recession fears by generation and what you can do to prepare now. Read the Personal Capital study here: https://www.personalcapital.com/blog/whitepapers/preparing-for-the-next-recession/ Learn more about Joel's podcast here: https://howtomoney.com/ CHAPTERS: 0:00 Intro to Joel from How to Money 0:18 The Biggest Money Moves Joel Made in His 20s 5:01 The State of the Economy in 2022 7:34 Gen Z's Biggest Recession Fear 13:07 What Millennials and Gen X Are Worried About Most 22:36 Baby Boomers and Their Recession Fears 25:16 How to Navigate a Complicated Housing Market 28:46 Should You Start Your Own Business Right Now? 37:10 Joel's Relationship With Money Over Time 💵More Money Tips from Michael Saves💵 Create a Monthly Budget (Tutorial): https://michaelsaves.com/budgeting/google-sheets-budget-template/ Earn Free Gift Cards with Fetch Rewards: https://michaelsaves.com/make-money/fetch-rewards-review/ Earn Cash Back with Ibotta: https://michaelsaves.com/make-money/ibotta-review/