The U.S. is heading for a recession. How do you survive? The ultimate guide to recessions, what they are and what happens. 🤑 Get the FREE weekly email newsletter sharing market updates, trends and the most important news! https://mystockmarketbasics.com/dailybowtie In this video, I’ll give you a complete guide to what happens in a recession from the definition and what causes recessions to jobs lost, how to survive and investing in stocks. I’ll leave a clickable index in the description if you want to jump to your recession question. 5 Best Passive Income Ideas [How I Make $783 a Day!] https://youtu.be/Zgc43M8ydbE 7 Best Side Hustle Ideas to Make Money Right NOW! https://youtu.be/nsi1_KeGHpU 7 Budget Tips I Used to Save $8K a Year! https://youtu.be/CaHBA1Gf_Ss More than just the definition of a recession though is how these make us FEEL on an emotional level…the sense of hopelessness and terror in the uncertainty, that I’m trying to relate in the video. Recessions are officially identified by the National Bureau of Economic Research or NBER and while most economists go by the rule of thumb that any two quarters of falling economic activity is a recession , the NBER has never adopted the rule. Instead, the NBER defines a recession more broadly. It turns out, there’s really just three big causes for recessions over the last 70 years; economic policy mistakes by the Federal Reserve, oil price shocks and financial bubbles. The good news is that over the last 70 years, recessions have been fairly short, lasting only 11 months on average. On average, the economy has fallen by 2.1% in the last 11 recessions back to World War II but just like recession length, that hides a scarier potential in individual recessions. Some recessions are fairly meek like the 2001 recession that saw the economy lower by less than half a percent and job losses mostly in the IT space. Others, like the Great Recession starting in 2007 were much worse with the economy falling a full 4% and eight million Americans put out of work. In a 2010 study by Harvard Business Review, through the 1980, ’90 and 2000 recessions; 17% of 4,700 public companies either went bankrupt, were taken private or acquired. During the Great Recession, more than 2.1 million Americans were laid off in 2009 alone and six million before that in 2008. My Investing Recommendations 📈 Check out the stock simulator and Get a FREE share of stock worth up to $1000 when you open a Webull investing account with a $100 deposit! 🤑 https://mystockmarketbasics.com/webull 📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount Free Webinar – Discover how to create a personal investing plan and beat your goals in less than an hour! I’m revealing the Goals-Based Investing Strategy I developed working private wealth management in this free webinar. Reserve your spot now! https://mystockmarketbasics.com/free-investing-webinar ₿ Get up to $250 in free bitcoin when you open an account on BlockFi and earn interest up to 7.5% https://mystockmarketbasics.com/blockfi STOP losing money trading stocks! This workshop on technical analysis and stock trading will give you everything you need to trade like a pro! Make more profitable trades and make MORE money! Exclusive community discount - click to save 30% https://mystockmarketbasics.com/tradestockspro 0:00 What Happens in a Recession 1:15 What is a Recession? 2:40 What Causes a Recession? 4:20 How Long do Recessions Last? 5:04 How Far Does the Economy Fall in a Recession? 5:46 How Many Jobs are Lost in the Average Recession? 6:15 What is the Unemployment Rate in a Recession? 6:40 What are the Safe Jobs in a Recession? 7:43 Recession vs Depression: What is the Difference? 8:23 Is the U.S. in a Recession? 9:36 How to Survive a Recession 10:40 Is My Job Safe in a Recession? 12:20 How to Make Money in a Recession 12:55 Buying a House During a Recession 14:54 How to Invest During a Recession SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://mystockmarketbasics.com/LetsTalkMoney Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.