S5-1: 3 Failed Recession Indicators
On this week's episode of Finance Explained: Q&A Replay, Meghan Rabuse, also known as the Family Finance Mom, answers personal finance questions and discusses the current state of the economy. She explains the three major recession indicators that have been pointing to a recession for the past two years, but have not yet resulted in an official recession declaration. Meghan also discusses the impact of inflation on spending and saving, strategies for paying off student loans, and the possibility of a government shutdown. She emphasizes the importance of understanding economic concepts and taking control of one's own financial future.
Listen below for the full episode or subscribe wherever you get your podcasts to catch a new episode every week, or sign up for my weekly emails to have them come straight to your inbox.
Join 1,000s of Family Finance Moms who get free weekly updates!
Key Takeaways
- Understanding the three major recession indicators can help individuals make informed financial decisions
- Inflation can impact spending and saving
Related Post: 5 Factors Driving Higher Inflation & What You Should Do to Prepare
- The importance to evaluate the interest rates on loans vs. potential investment returns, also known as opportunity costs
- Paying off student loans aggressively can provide financial flexibility and reduce debt obligations
Related Post: The Ugly Truth About Student Loan Debt
Related Post: How American Student Loans Morphed from a Hand-Up to Hopelessness
- The possibility of a government shutdown highlights the dysfunction in Congress and the need for responsible budgeting.
Related Post: How Rising Interest on the National Debt Impacts YOUR Family
- Taking control of one's own financial future is crucial, rather than relying on government solutions.
To catch all episodes of Finance Explained, be sure to visit the Finance Explained podcast home page and subscribe wherever you get your podcasts to never miss an episode. Have a question you'd like Meghan to answer on Finance Explained? Look for the question box in her Instagram stories every Tuesday night, or you can also now record a question for her to answer on the podcast. Keep your questions coming - they help all Family Finance Moms continue to build their financial literacy and make us all financially smarter!
Spread financial literacy... PIN THIS!
