Tips for surviving a recession

Face it. The odds of a recession have grown. That's why the Fed slashed interest rates this week and why President Bush and Congress are eager to get checks into the hands of consumers.

What should you do to prepare for a recession?

People who depend on sales commissions - particularly on consumer nondurables such as cars or appliances - could see their incomes pinched, says Bill Gustafson, senior director of the Center for Financial Responsibility at Texas Tech University.

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