Read, Watch or Listen

Baby boomers share their experiences navigating past recessions, offering advice for younger generations. Lynn Benning, Nancy Neff, and Gail Lisenbard highlight the importance of emergency funds, avoiding rash investment decisions during market volatility, and prioritizing saving during uncertain economic times. Their experiences during the 1980s stagflation and the 2008 Great Recession emphasize the need for financial preparedness and a long-term investment strategy. They stress the value of diversified investments, avoiding debt, and consistently saving, even with modest incomes, to weather economic downturns.

Prepared by Christopher Adams and reviewed by editorial team.