President Donald Trump's trade war with Canada, Mexico, the European Union (EU) and other U.S. allies is worrying investors. And the Dow Jones Industrial Average has been plummeting and aggravating fears of a possible recession.
The article from MSN Money provides a survival guide for individuals preparing for a potential economic downturn, referred to as a "Trump recession," due to the economic policies and uncertainties associated with former President Donald Trump's possible return to office. It outlines several strategies for financial protection: diversifying investments to mitigate risk, reducing personal debt to improve financial resilience, building an emergency fund to cover several months of expenses, and enhancing job security through skill development or career advancement. The piece also advises on the importance of staying informed about economic indicators and policy changes, suggesting that understanding economic cycles and preparing for volatility can help in navigating through tough economic times. Additionally, it emphasizes the need for a cautious approach to spending, advocating for a lifestyle that can adapt to reduced income or economic instability.
Politics & Government
