What is a recession and how would we deal with one?

We’ve recently passed the ten year anniversary of Lehman Brothers’ collapse. The 150 year-old investment bank filing for bankruptcy is often seen as a pivotal event in the run up to the global recession.

We’ve already looked back at what happened in 2008 in this article, where I asked millennial economist Piya to explain the financial crisis.

However, one thing we did not discuss in detail was this: what is a recession and what should young people like me do if there is another?

App review: Starling (4 stars)

I have to admit, I didn’t think I needed a current account “built for mobile”, which is how Starling describes itself, at first.

Despite being interested in start-ups and financial technology (fintech) and aware there an increasing number of these, I felt I was doing just fine with my existing bank’s app.