Charlottesville, VA (CVILLE RIGHT NOW) – Federal workers across the country are facing mounting uncertainty, leading to widespread concern about their financial futures. “People are freaking out. Really freaking out,” said CBS Business Analyst Jill Schlesinger, emphasizing that the anxiety extends beyond Washington, D.C., to places like California. Many are grappling with the possibility of early retirement buyouts or unexpected layoffs, making financial preparedness a top priority. 

For those nearing retirement, assessing financial stability is crucial. “If you were 61 and you thought you were going to work till 65, can you still make the numbers work if you leave at 61?” Schlesinger questioned, advising workers to evaluate their savings, liabilities, and potential income sources. Younger employees may have fewer options, and those facing sudden job cuts must rely on emergency savings and strategic budgeting. 

Concerns over a slowing economy have also stirred investor anxiety. However, Schlesinger reassured listeners, stating, “If you are worried about a slowdown If you’re worried that you’re going to face a job loss, you go back to your own situation, you prepare, you don’t move your investments. That would be a very bad decision, because we don’t know what’s going to happen next.” Long-term financial planning remains the key to weathering economic uncertainty, with experts advising individuals to stick to their investment strategies and avoid panic-driven decisions.

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