Since March 2001 more than one million North Americans have lost their jobs. In December 2001, the fourth-largest corporation in America declared bankruptcy. The stock market has lost more than 30 percent of its value in the last year. There is widespread turmoil internationally. We are headed for a recession. How does a recession affect you and what can you do to protect yourself and your assets? This book is written in a clear and straightforward way, covering everything you need to know about a difficult economic downturn. The book also includes forms to help you to create your own budget. It provides valuable resources such as debt counselling services, bankruptcy information by province and state, and helpful Web sites.
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Anna Farago is a freelance journalist who lives in Toronto. She is the author of How to Survive the Recession and the Recovery (Insomniac, 2002).
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