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You keep hearing on the news that the economy may be in a recession or maybe headed in that direction. Find out what a recession is and how to protect your finances during one.

There Is No Simple Recession Definition

If you don’t know a lot about how the economy works, it may seem strange that all the experts disagree as to whether we are currently in a recession, or not. When you look at the recession definition, however, you will see that it is not as black-and-white as it appears. Many businesses use “two quarters of negative growth of growth domestic product” means we are in a recession. Definitions that explain in more detail include specifics areas where negative growth occurs, that which is visible in real personal income, payrolls, industrial production, and even sales from retail stores.

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Developing an understanding of the specific ways in which Generations X and Y view the world will provide your organization with valuable insight into how to attract, sustain and motivate the younger generations. When you speak their language and they understand your language, the stage is set for better communication, increased productivity and increased profitability. I was reminded of this when one of my client’s commented, “Why do my younger employees keep talking about this whole ‘balance’ thing, when there’s work to be done?”

There are a couple of important things to consider here.

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