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Lessons From Past Recessions

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For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Beef up your emergency fund.

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Is Now The Time To Switch Jobs?

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Because of this, workers are looking for new ways to keep up with their everyday expenses, and a new job may just be the key. . “I During the 2008 recession, those who stayed at their jobs saw bigger wage hikes than those who switched positions. Still, making the transition to a new job could come with its own risks. .

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Markets Around The World Are Showing Signs Of An Oncoming Recession

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Even if this triggers a recession, it will be done, although it will come at the expense of consumers and businesses around the world. Wall Street is also suffering and will continue to, as stocks are on track for their worst year since 2008.

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Here’s Why Your 2024 Corporate Workplace Strategy Needs Coworking

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Coworking started as a grassroots movement and has evolved into a legitimate industry, especially after the 2008 recession disrupted traditional office leases. In the window from 2008-2010, buildings across the U.S. Indeed, what started out as a scrappy, not-for-profit social movement has evolved into an industry in its own right.

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What Is Zero-Based Budgeting?

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It started to slowly regain popularity around the time of the 2008 recession and is now commonly used for personal finances. After the budget is set, its user must allocate all income to expenses, savings or debt payoff. With that number in mind, they design expense categories and assign a dollar amount to each. Not anymore.

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4 Steps Everyone in Their 20s Should Take to Beat a Potential Recession

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Investments toward your future should be the last expense on your chopping block. Consider the record-setting 128-month expansion following 2008’s Great Recession. For instance, Uber, Airbnb and Square were all founded during the 2008 recession. But if there was ever a time to make financial cutbacks, this isn’t it.

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Looming Strike Threatens Supply Chain As Port Workers Protest Workplace Automations

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Notably, the union’s West Coast ports, which allowed fully automated machinery in its 2008 contract, boast higher earnings and benefits for their workers. Even though creating union jobs to maintain and fix automated machines may sound promising, the union remains highly cautious. It’s reported these workers earn $54.85