Many finance experts called the 2008 financial crisis the worst economic disaster since the Great Depression of 1929. Housing prices fell over 30% which was even worse than during the Depression and even two years after the recession ended, unemployment was still above 9 percent.
Currently, many people are still recovering from what came to be known as the Great Recession and yet, according to noted Finance Professor, Dr. John Beckem, yet another financial crisis is looming. That’s the bad news! The good news is that you can make some wise decisions that will help insulate you from the crisis.
In the video below, Dr. Beckem discusses the impending crisis with social commentator, Nomalanga Mhlauli-Moses. The finance expert shares some key steps to make sure that we are not negatively affected by the downturn in the economy.
Dr. John Beckem is a Personal Finance Expert, Educator & Consultant. He helps middle income individuals and families free themselves from debt and build generational wealth.