How to prepare for a possible recession

Experts are now forecasting an increased chance of a recession in 2025. Tariffs and both federal and private-sector layoffs are driving the souring economic outlook, and even President Trump is refusing to rule out the possibility of a recession this year. Financial instructor Michael Masserant of the Retirement Education Foundation discusses the likelihood of an economic downturn, and what we can do to prepare our finances before it hits. For more visit, refedu.org.