KPBS Midday Edition

How Can You Prepare For A Recession?

By Jade Hindmon / KPBS Midday Edition Co-Host, Brooke Ruth / Senior Producer, Radio News

Published August 22, 2019 at 11:15 AM PDT

This story was published more than 4 years ago.

Credit cards are displayed in Haverhill, Mass., June 15, 2017.

Financial planner Paul Lim answers questions about how people can protect their wallets in an economic downturn.

While the weather forecast looks great, the economic forecast doesn't. From tariffs and trade wars to a soft housing market, indicators are leaning toward a recession. And with inflated housing costs, Californians could be hit hard.

So, is there anything we can do to prepare our wallets and investments? Paul Lim is a financial planner and adviser with the San Diego Financial Literacy Center. He says, yes there is.

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"It can be as simple as having an emergency fund in the bank or owning the right insurance policies," Lim said.

Lim advises clients to always stay prepared for an economic downturn and joined Midday Edition to give tips.

KPBS Midday Edition

Jade Hindmon

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Jade Hindmon is KPBS Midday Edition co-host. Prior to making San Diego home, Jade worked in markets across the Southeast and Midwest, building a network of sources to tell the stories of people in each community. She worked as a multimedia journalist and anchor at WRTV in Indianapolis. While there, she launched “The Weekend Edition of Good Morning Indiana” and generated breaking news content for both broadcast and digital platforms. Prior to Indianapolis, she was an anchor and multimedia journalist at FOX Carolina in Greenville, SC. As part of that Emmy Award winning team, she covered elections, landed exclusive interviews, and interviewed presidential candidates. Jade also had the opportunity to cover international news and was able to travel to South Africa during the 2010 World Cup. Jade is a three-time Emmy nominee, a National Association of Black Journalists Salute to Excellence Finalist, and the recipient of a South Carolina Associated Press Award. She is a proud graduate of Florida Agricultural and Mechanical University.

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Brooke Ruth

Brooke Ruth is the senior producer for KPBS Radio News. She previously served as a producer for "KPBS Midday Edition" and a web producer. Before joining KPBS, Brooke was a web editor for four newspapers and a local television station. She began her career in news at the Imperial Valley Press. She has also been part of the web teams at the Napa Valley Register, North County Times, and U-T San Diego. While pursuing her undergraduate degree at UCLA in psychology, she worked on the student newspaper, the Daily Bruin.

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