Are You Ready for the Next Recession?
Some experts predict the U.S. is headed for another recession. Although it might be unavoidable, there ways you can protect your finances and your future.
Whether you live in one of the most or least recession-proof states, you can take steps to protect your finances during an economic downturn.
Click through to find out why you need a recession plan now.
Methodology: GOBankingRates determined which states would be the least and most likely to survive a recession based on five economic factors: 1) year-over-year change in unemployment rate, sourced from the Bureau of Labor Statistics; 2) long-term liabilities per capita, sourced from Mercatus; 3) housing market volatility based on Zillow's housing market health index; 4) economic diversity based on the percentage of state employment by industry sector, sourced from the Bureau of Labor Statistics; and 5) average mortgage debt, sourced from Experian. All data and analyses included in this article are accurate at the time this study was conducted in late 2017.