In a Senate hearing on October 23, 2008, former Fed Chairman Alan Greenspan referred to this financial crisis as an “economic tsunami”. He was right back then, and now everyone needs to hunker down and get prepared for an economic rollercoaster.

If you have concerns you may be laid off, there are certain steps you can take now to alleviate the pressure and stress should this eventuality occur.

1. Put away enough money to cover expenses for the next 18 months. Normally 6 months is sufficient but due to the market volatility and potential difficulty is finding a...

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