Are we heading towards a recession?

Question

I try not to be in fear. I always have what I need. Sometimes looking at how things are does bring up some fear. Are we going to be okay? What does a recession mean and what can we do to take care of ourselves?

peace

Answer 1

A recession is two consecutive quarters of decline in GDP. We haven't had one yet as of June 30th. It's possible the third quarter will be down, but we really won't know that for a few months.