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Does it make more sense to pay off credit cards or build up your emergency funds?

A recession can wreak havoc on your finances. So it’s understandable if you’re worried by recent headlines. Economists are increasingly pessimistic as tariffs imposed on China, Canada and Mexico have gone into effect and deportations of undocumented immigrants are causing uncertainty in several sectors. Meanwhile, layoffs of federal workers are expected to lead to higher unemployment. If you’…