Groceries, gasoline, rent and outstanding debts, inflation and painful price hikes have many Americans concerned about their financial present and future. And with fears that a recession could be lurking in the not-too-distant future, it’s important that people get their affairs in order.
NPR reached out to financial experts on how to better navigate these turbulent times. Here’s the advice they gave from their respective fields.
Income and personal finance do’s and don’ts
On top of her role as an assistant marketing professor at the University of Pennsylvania’s Wharton School — one of the world’s leading business programs – Wendy De La Rosa works to to improve the financial lives of those with low-to-moderate incomes. She co-founded the Common Cents Lab, which combines behavioral science and economics to improve people’s financial well-being.
According to De La Rosa, people cannot budget or save if they aren’t making…