IRVINE, CA / ACCESSWIRE / November 27, 2022 / Managing debt in the shadow of a recession can be a daunting prospect. While it is considered a best practice to pay down debt before a downturn takes hold, there is also significant value in keeping capital on hand for tough times. “When a recession is looming, maintaining a balanced financial approach is key to enduring any turbulent period that might lie ahead,” says Nick Kohlschreiber, founder of AcuFi. “Consumers will also benefit from creating a plan to manage their debt during a recession so they can face the challenges with a positive outlook.”
As the nation grapples with record-breaking inflation, economists are concerned that a recession is the next logical step. In fact, given the…
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