With all the bad economic news America has witnessed during the past few years, people are more familiar than ever before with the concept of financial risk. Stock prices can go down as well as up. Housing prices can plunge as well as surge. It’s all too possible to lose a job and not be able to find a new one anytime soon.
But in addition to these prominent financial risks that are always in the news, many people are facing various “hidden risks” to their personal finances, without necessarily thinking of them as “risks.”