Economists are warning of a recession. This post will help you prepare for a higher chance of unemployment, investment losses and general financial instability.First: What is a recession?A recession is a downturn in the economy. On a broader scale, this means that businesses lose money and industry produces less product for two quarters — or six months — in a row.What does a recession mean for everyday people? Recessions are typically marked by higher unemployment rate, wages that do not go up, decreased housing prices, and downturn in stock market equities and other investments.Is a recession coming?The majority of economists surveyed expect the next recession by 2021, according to Business Insider:The US economy appears poised to enter a recession in two years, a new survey of business economists found.In the survey by the National Association for Business Economics, out Monday, 72% of economists predicted that a recession would occur by the end of 2021. That’s up from 67%…
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