Should You Prepare for a Recession?

The possibility that the U.S. is in a recession is all over the news. Stock markets around the world reacted yesterday to fears that the U.S. economy is in serious trouble, not confident that President Bush's recently announced economic stimulus package will succeed. If all the talk of a recession makes you nervous, you're in very good company. One of your primary concerns is probably your job. Is your employment status stable enough to withstand a recession? You could lose sleep over this or spend your waking hours in distress. Or, you can do something proactive by preparing for a possible layoff. If you feel your job could be in danger, read Preparing for a Layoff: What You Can Do Before a Layoff Hits.