Inflation is eating away at wage increases, the Dow is down 18% for the year so far, the Fed just raised interest rates three quarters of a point and gas is over $5 a gallon. Are we headed towards a recession? Newt’s guest is Michelle Singletary. She discusses her recent column, “Seven Ways You Can Financially Prepare for a Recession”. She writes the nationally syndicated personal finance column, “The Color of Money” which appears in The Washington Post on Wednesdays and Sundays.

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