💨 Abstract

In a period of financial uncertainty due to economic risks and uncertainty over President Trump's trade policies, experts recommend Americans prepare for potential recession by understanding their budget, saving for emergencies, and cutting non-essential expenses. They also advise seeking professional help for mental health concerns related to finances, focusing on personal control, and adjusting budgets regularly. The Associated Press, with support from Charles Schwab Foundation, provides these recommendations to improve financial literacy.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖