The Washington PostThe Washington Post

Seven ways you can financially prepare for a recession

By Michelle Singletary

15 Jun 2022 · 5 min read

Inflation is at a 40-year high. Interest rates are rising. And gas prices have hit a frightening $5 a gallon.

The stock market is taking investors on a roller-coaster ride with terrifying drops. Even if you haven’t looked lately, you know that the value of your retirement account is down. Cryptocurrencies are crashing, not surprisingly.

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