I'm Worried About a Recession in 2024. Should I Wait to Invest?
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Despite a low unemployment rate, 42% of Americans are still bracing for a recession in 2024. Whether to invest or wait depends on your financial situation. If you have a fully loaded emergency fund and no high-cost debt, you shouldn't hesitate to invest. However, if you have near-term financial shortcomings or high-interest debt, it's better to wait and address those first. It's important to have a fully loaded emergency fund and enough cash reserves to cover three months of essential living expenses. High-interest debt, like credit card balances, should be paid off before investing. If you have emergency savings and affordable debt, don't let recession fears stop you from investing and taking advantage of the opportunity to grow wealth over time. While a 2024 recession looks unlikely, it's still a good idea to be prepared by maintaining a strong emergency fund and avoiding high-interest debt.
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https://www.fool.com/the-ascent/buying-stocks/articles/im-worried-about-a-recession-in-2024-should-i-wait-to-invest/