Recent tariff announcements have rattled markets, but they’re just one part of a broader economic storm.
Inflation remains stubborn, housing is increasingly unaffordable, and vulnerabilities in the banking sector, along with geopolitical tensions and energy volatility, add to the uncertainty.
What makes today’s environment uniquely challenging is the convergence of these risks — recession, stagflation, financial instability, and rising debt — creating a perfect storm for unprepared investors and households.
The good news? There are actionable steps you can take right now to protect your finances.
Pro Tip: If you’ve got more than $100,000 in savings, get some advice from a pro. SmartAsset offers a free service that matches you to a vetted, fiduciary advisor in less than 5 minutes.
1. Build a substantial emergency fund
