Please check out this fantastic article by Nasdaq stock exchange with our president, Matt Warzel, as a contributor – According To My Finances, I’m in a Recession

Hey, #LinkedIn community! πŸ‘‹Β  I was fortunate enough to be featured in this fantastic article by the Nasdaq stock exchange: π– π–Όπ–Όπ—ˆπ—‹π–½π—‚π—‡π—€ π–³π—ˆ 𝖬𝗒 π–₯π—‚π—‡π–Ίπ—‡π–Όπ–Ύπ—Œ, 𝖨’𝗆 𝗂𝗇 𝖺 π–±π–Ύπ–Όπ–Ύπ—Œπ—Œπ—‚π—ˆπ—‡

Definition of Recession: The time when our wallets go on an unscheduled vacation, leaving us stranded on the shores of financial uncertainty. It’s like a rollercoaster ride without the thrill, where the only thing plummeting faster than the economy is our faith in affordable avocado toast. It’s that dreaded moment when our savings account plays hide-and-seek, but it’s a pro at hiding.

During a recession, job hunting becomes an extreme sport, and “budgeting” becomes our middle name. It’s the era when coupon-cutting ninjas rise to fame, and we learn to survive on a diet of ramen noodles and canned beans. The stock market is like a temperamental boss, playing emotional games with our hard-earned money.

But hey, there’s a silver lining! Recession brings out our creative side. We become DIY experts, turning old clothes into fashion statements, and our apartments into Pinterest-worthy masterpieces, all on a shoestring budget. Carpooling with friends becomes a daily adventure, and we start viewing clearance sales like treasure hunts.

With inflation now down to a normal 3%, the Fed seems to have pulled off the β€œsoft landing” that eluded it in the early 1980s β€” raising interest rates enough to cool inflation but not enough toΒ cause a recession. With the S&P 500 up 18% on the year and the private sector doubling expectations by adding 497,000 jobs in June, it’s hard to argue that the economy is in a downturn.

But in spite of the rosy reports, millions of individual recessions are playing out all across America.

My take:

β€œDespite the overall strength of the job market and the economy’s resilience during the post-pandemic era of economic turmoil, a significant number of Americans find themselves feeling the effects of a recessionary environment,” said recruitment, career coaching and outplacement expert Matthew Warzel, founder ofΒ MJW Careers. β€œLayoff victims, in particular, continue to face challenges in finding work for extended periods and often struggle to secure interviews. This puzzling situation raises questions about the underlying factors contributing to this disconnect between the job market’s positive trajectory and the experiences of those who feel left behind.”

So, in a nutshell, a recession is like a challenging puzzle we must solve together as a nation. It’s a reminder that life isn’t always smooth sailing, but with a dash of humor and a pinch of perseverance, we’ll ride out the storm and come out stronger and wiser. Here’s to surviving recessions like the financial warriors we are! πŸš€πŸ’°πŸ˜„

Chime in over here and join the conversation.

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