Money Crashers: Are We in a Recession?

Back in June, Money Crashers had me rush through an article on the question of whether a recession was on its way. But apparently, it only took a couple of months for that question to become obsolete. They put me back to work answering a new one: Is the recession already here?

Spoiler alert: The answer is a definite maybe. There are different ways to define a recession, and the current state of the U.S. economy fits only some of them. It's possible that we have entered a recession at this point, but it's just too soon to make the call.

But one thing is clear: Times are getting tougher. Inflation remains high, and the Fed's attempts to tame it with interest rate hikes, necessary as they may be, will inevitably bring economic pain. So whether we're already in a recession or not, it makes sense to recession-proof your finances. At the end of the article, I discuss ways to do this (and another of my pieces covers these strategies in more detail).

Are We in a Recession Currently? Could We Be Headed That Way?