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The Biggest Money Mistakes People Make in a Recession – The Wall Street Journal


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The Biggest Money Mistakes People Make in a Recession – The Wall Street Journal

Sept. 13, 2020 11:00 am ET Many people are facing a situation they haven’t had to deal with in a long time: an economic downturn. And they need help navigating it. So we reached out to financial advisers, researchers, academics and other experts and asked them a simple question: What are some of the biggest…

Many people are facing a situation they haven’t had to deal with in a long time: an economic downturn. And they need help navigating it.

So we reached out to financial advisers, researchers, academics and other experts and asked them a simple question: What are some of the biggest mistakes people make in hard times, and how can they avoid them? After all, facing a downturn is hard enough without making it even worse by falling into common traps in the way you spend, invest and save.

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