Director of Wealth Advisory Evan Beach shares insights with U.S. News & World Report on Ways to Prepare for Deflation

When the prices of some things fall, consumers get a break. But widespread deflation can trigger a destructive cycle in which profits plunge, companies cut jobs and pay, spending plummets and stagnation sets in. The economic fallout caused by the novel coronavirus pandemic has some analysts and regular folks speculating that deflation could happen in the U.S. While you should understand this financial possibility, experts stress that you shouldn’t panic. You can’t control or know when deflation will happen, says Roger Ma, certified financial planner at lifelaidout and author of “Work Your Money, Not Your Life,” so focus on what you can control. Here’s how to prepare. Read More