Are you financially secure? What do you think the odds are that things will be worse in the near future? Is the country about to repeat 2008?
Those are the questions on the minds of many Americans who are afraid the economy is poised to enter a recession.
A recession is defined as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale retail sales."
According to a recent Business Insider article, economists and stock analysts have had to address worry about a recession a lot this year. People are feeling insecure, and parts of the economy have been slowing down.
So are we in a recession, or about to be in one?