How to recession-proof your life amid economic uncertainty

By ADRIANA MORGA and CORA LEWIS
The Associated Press

NEW YORK (AP) — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters. Economists are divided over whether a recession is looming. What’s clear is that economic uncertainty isn’t going away anytime soon. But there are steps you can take now to be ready for whatever is ahead. Yiming Ma is an assistant professor at Columbia University. She says it’s not a question of if but when a recession will happen. She says people should prepare but not panic. Making a budget, paying attention to your savings account and buying things second-hand can all help.