Expecting a Recession? Seven Steps to Help You Power Through

Instead of panicking, consider opportunities to add flexibility and resilience to your financial position. These steps can help you enter a potential recession from a position of strength.

A woman wearing earbuds jogs over a bridge.
(Image credit: Getty Images)

Today, people’s financial anxiety is palpable. Two-thirds of American adults (67%) expect the economy will enter a recession later this year.

As Warren Buffett once said, “Only when the tide goes out do you learn who has been swimming naked.” It appears increasingly likely that the economic tide is going out. Alongside worries about a downturn, inflation and high gas prices continue to comprise people’s top financial concerns.

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Christian Mitchell
Executive Vice President, Chief Customer Officer, Northwestern Mutual

Christian Mitchell is executive vice president and chief customer officer at Northwestern Mutual. He leads strategic ideation necessary to elevate the client experience and deliver bold solutions to launch Northwestern Mutual ahead of its competitors. Mitchell oversees initiatives and deliverables to build the most powerful digital engine in financial services, including engineering solutions, data analytics, digital products and consumer insights.