Press Article: Navigating Financial Uncertainty Amid Economic Volatility
By ADRIANA MORGA, Associated Press
NEW YORK (AP) — As financial markets fluctuate and consumer confidence dips to a five-year low, many Americans face heightened economic anxiety. A recent Associated Press-NORC poll reveals that nearly half of U.S. adults anticipate that President Trump’s trade policies will significantly raise prices, with a similar proportion expressing grave concerns about a potential recession.
Experts like Matt Watson, CEO of financial planning app Origin, emphasize the importance of proactive financial management during these uncertain times. “Take stock of your finances,” he advises, suggesting individuals review budgets and expenses to chart a clear financial path.
To safeguard against economic unpredictability, experts recommend cutting nonessential expenses, creating an emergency fund, and regularly adjusting budgets. Courtney Alev from Credit Karma encourages individuals to focus on aspects they can control and to establish safety nets. Monthly check-ins and strategic debt management—prioritizing high-interest debts—are pivotal for financial health.
Moreover, mental well-being shouldn’t be overlooked. Alev warns against letting financial news overwhelm you, recommending professional support for anxiety management.
With cautious planning and informed decisions, Americans can navigate this turbulent financial landscape more effectively.
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