Investing

What a Recession Actually Does to Your Money in Your 20s (And the 3 Moves Worth Making Before One)

Nobody will tell you a recession started until months after it began. The committee that dates US recessions has taken anywhere from four to twelve months to make the call, so every plan built on reacting to the news fires late. Which is fine, because at 24 the thing a downturn threatens isn't the portfolio you won't touch for forty years. It's the paycheck that covers rent next month, and workers aged 20 to 24 already carry roughly double the unemployment rate of people aged 35 to 44. Here's what the data says a recession really costs someone your age, the three moves worth making before one arrives, and the two instincts that quietly do the most damage.

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