Quizzes and Polls > Quizzes and Polls Index > Are Your Finances Recession-Proof?
Quiz: Are Your Finances Recession-Proof?

From Wall Street to Main Street and beyond, nearly everyone is feeling the effects of the recession. And according to experts, there’s no quick fix in sight—in fact, most analysts believe the economic downturn will continue to deepen over the next few months. What does this gloomy financial forecast mean for ordinary Americans? Volatility in stock prices, turmoil in the credit markets, rising unemployment rates, reduced personal income, and more. But fortunately, there are steps you can take to help make your finances recession-proof. How prepared are you to weather the current economic storm? Take our quiz to find out now.

Quiz Questions:

     
1. How stable or unstable do you think your job is?
 
It’s very unstable. I’m fairly sure there will be layoffs at my company and that I will be downsized.
It’s pretty unstable. There’s been some talk of layoffs, but I’m trying to remain optimistic.
I’m not sure. I don’t think I’ll be downsized, but there’s never any guarantee.
It’s stable. I have an iron-clad contract, I work for the government, or I’m employed in a sector that won’t be negatively impacted by the recession.
2. Have you been actively networking with industry contracts over the past six months?
 
Yes. I’ve been keeping in touch with most or all of my contacts and making new connections.
No. Unfortunately, I’ve lost touch with most or all of my contacts.
3. When was the last time you updated your résumé?
 
I updated it within the past few months, so it’s ready if I need to start applying for jobs.
I updated it within the past year. I’d just need to make some minor changes before I could circulate it.
It’s been years since I updated my resume. At this point, it’s totally out of date.
4. Do you have an emergency savings fund that would cover your living expenses if you got laid off?
 
Yes, my savings would cover more than six months of living expenses.
Yes, my savings would cover three to six months of living expenses.
Yes, my savings would cover less than three months of living expenses.
No, I don’t have an emergency savings fund.
5. Are you currently carrying a balance on your credit card?
 
Yes, I’m carrying a balance of more than $10,000.
Yes, I’m carrying a balance of $5,000 to $10,000.
Yes, I’m carrying a balance of less than $5,000.
No, I’m not carrying a balance on my credit card.
     


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