Tuesday, December 02, 2008

Year Old Recession is Officially Recognized

According to CNBC, the National Bureau of Economic Research (NBER) determined that the U.S. is in a recession which began in December, 2007.

Although I suspected a recession began in late March, 2008, I didn't think it extended back to 2007. Unfortunately, this recession appears to be getting worse, meaning it may be another year, or longer, until it concludes.

For now, we will continue to hunker down in our personal finances and hopefully avoid any major financial issues.

For more on Ideas You Can Use, check back every Tuesday for a new segment.

This is not financial advice. Please consult a professional advisor.

Copyright © 2008 Achievement Catalyst, LLC

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