The traditional definition of a recession is consecutive quarters of a shrinking national gross national product. You don’t have to tell Americans these are difficult times with inflation eating away at paychecks, even those that have increased. So rather than argue recession or not, let’s take a look at what Forbes.com offers as advice from Adam Strauss for how you can combat inflation. If you get a fixed mortgage that is as long-term as you can stomach, you are making inflation work for you. Get an auto loan -- If you expect inflation to remain high, it makes sense to finance your car purchase for the same reasons it makes sense to finance a home purchase.
Source: Forbes August 05, 2022 13:08 UTC