Most experts believe the US will not suffer a collapse on the scale of the 2008 financial crisis. This is due to several factors, including regulatory changes affecting lending processes.However, what practical steps can be taken to protect against a downturn?
To be prepared for emergencies, save enough money to cover three to six months of expenses. You may aim for a larger emergency fund. However, this depends on your comfort level. While trying to be positive, prepare for the worst-case situation.