While the U.S. is not currently in a recession, it is a very likely future. Working with a trusted financial advisor is one of the best ways to get through a recession unharmed. They should be able to guide you through this tough time with minimal losses. In order for them to do so, you both need to know what your expectations and goals are. Here are 5 important questions to ask your financial advisor that will help spark conversation.
It’s no secret that the economy is heading towards a recession. And, it’s likely that things will only get worse before they get better. That is why it’s important to start thinking about ways to prepare. One of the best ways to do this is by investing in your own human capital. Human capital is the value of a worker’s skills, knowledge, and experience. It’s what makes you valuable to employers and helps you earn a higher salary.
You’re probably wondering why we are bringing up the 1970s economy in 2022. It’s because many economists see the United States possibly going down a very similar path that could result in another recession.