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A new survey from the Nationwide Retirement Institute reveals consumers are bracing for impact. A whopping 68% expect a recession within the next six months. Add to that, about 62% of respondents believe a recession will be as severe or worse than the Great Recession. Consumers’ sentiment on the economy and their own financial strategy has fallen considerably since 2022.

“It’s not surprising that people are feeling anxious,” said Kristi Martin Rodriguez, leader of the Nationwide Retirement Institute. “It’s important for advisors and financial professionals to understand the emotions their clients are feeling right now.”

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