August 31, 2022

The pandemic has rocked many people and their businesses in the last few years, forcing plenty to pivot or lean into new financial strategies like PPP loans. Now company owners and individuals are trying to plan for the possibility of a recession. What does a potential recession mean for you and your planning?

Now is the perfect time to talk over your current investments and savings strategies. Working with our team, you’ll be better prepared for your options if a recession happens.

A new study shows just how many executives are bracing for a possible recession. 70 business leaders were surveyed by Stifel Financial and believe that the US economy will face one within the next 18 months or is already in a recession. Only 3% of those surveyed executives believe one will be avoided entirely with the majority of 79% thinking the US will hit a recession in the next 18 months.

According to those business leaders, the biggest threats and problems facing them include the tight labor market and inflation. CEOs are struggling to find high levels of talented labor at attractive enough costs for running their business. A moderate slowdown and inflation is predicted by the latest consumer price index mostly due to a decrease in energy prices if you’re looking ahead for how to best position your personal finances and your business strategy in light of inflation concerns and a possible recession, set aside a time to meet with our financial team today to discuss your personal goals.

Adaptability, flexibility, and top-level strategy can all be important for helping you to accomplish your financial goals and minimizing the negative impacts of financial ups and downs. Contact us today to learn more about financial planning strategy.