2025 has kicked off on a bit of a rough note. Consumer confidence has taken a nosedive, thanks to ongoing inflation, market ups and downs, and the challenges brought on by the new administration’s tough tariff policies. And now, we can add worries about a recession to the mix.
According to the latest quarterly survey from the CNBC CFO Council, 60% of CFOs are bracing for a recession in the latter half of the year, while another 15% believe it might hit in 2026. Back in early April, global investment bank Goldman Sachs also upped its estimates of the chances of a US recession from 35% to 45%.
While the country isn’t officially in a recession just yet, there’s a solid chance we could be facing one in the coming months. Taking some proactive steps now can help you safeguard your savings and keep your finances secure.
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Source : https://finance.yahoo.com/personal-finance/banking/article/recession-proof-savings-181158511.html
