Nervous About the Markets and Economy? Consider History

To put things in perspective, focus on what you can control and remember that the ups and downs of the markets and economy can be cyclical.

An older man relaxes in a chair outside.
(Image credit: Getty Images)

If you're feeling like the financial news is coming at you fast and furious, you're not alone. Between inflation, rising interest rates, the markets stumbling and recent bank failures, there's a lot going on.

One of these events alone could be overwhelming. Taken all together, they seem downright scary.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Erin Wood, CFP®, CRPC®, FBSⓇ
Senior Vice President, Financial Planning, Carson Group

Erin Wood is the Senior Vice President of Financial Planning at Carson Group, where she develops strategies to help families achieve their financial goals. She holds Certified Financial Planner, Chartered Retirement Planning Counselor and Certified Financial Behavior Specialist designations.