There has been speculation as to whether we are going through a recession, or headed into one right away.
Financial expert, Aaron Ruston from Purposed Financial, has valuable information on recessions and how people can protect their money.
“A recession is a place where for two straight quarters, there is a decrease in economic growth within a country, sector, or even a global base overall,” Ruston remarked.
As a result, interest rates climb, production of goods declines, people lose their jobs, and economic growth slows or returns down, which brings about concern in the market.
Interest rates hit a four-decade
