The 40-year inflation high, coupled with warnings of an economic downturn, are causing financial stress among a large number workers nationwide, according to a new survey by Purchasing Power.
But Marie Cosgrove, a resilience expert and business author, told 海角精品黑料 there are ways to handle money worries now before a recession strikes.
鈥淲hen you鈥檙e stressed out, your brain shuts down,鈥� she said. 鈥淔ind someone to speak with. That will help clear your mind and relieve some stress so you can come up with some solutions.鈥�
The survey discovered that roughly 97% of full-time workers report stress linked to the economy. But employees can get ahead of a predicted recession by getting on a budget right away, Cosgrove said.
鈥淔inding ways to save money — that is critical,鈥� she said. 鈥淥nce you have money saved up and you鈥檝e been cutting back, when there鈥檚 a downturn, you鈥檙e prepared.鈥�
Next, she recommends jotting down several ways to create more income.
鈥淚f you write down 10 ideas of additional ways you can come up with something,鈥� she said, 鈥渨ithin a month, that鈥檚 a lot of ideas you can have on generating new revenue sources.鈥�
Cosgrove also tells her clients to make themselves invaluable to their boss. If a recession hits and layoffs come, employers keep their best workers around longer, she said.
鈥淲hen you look at yourself as providing a service, you add value,鈥� said Cosgrove. 鈥淎nd you鈥檒l be able to come up with ideas on how to improve processes. When you position yourself that way, it just takes you to another level.鈥�
