Why You Should Build a Bigger Emergency Fund Before the Recession Hits

Some of the first signs that money is getting tight don’t show up in GDP reports or the unemployment rate. They show up at the strip club, the dentist’s office, and the Coinstar machine at the front of the grocery store. This week on Networth & Chill, Vivian highlights 12 recession indicators you wouldn’t expect, what each one says about where the money is and isn’t flowing, and how to protect your own finances if you start spotting them in your life. 1. When the fun money disappears: Empty strip clubs, doctors with open appointment slots, why skipped checkups become $20,000 problems, and why your favorite 2000s band is suddenly going on a reunion tour. 2. Digging for cash and borrowing for basics: Repossessed cars reported as stolen, people cashing in their coin jars, buy now pay later for groceries, Grandma heading back to work, and the job scam texts targeting desperate job seekers. 3. The classics, and how to protect yourself: The Hemline Index, why a former Fed chair reportedly watched men’s underwear sales, plus building an emergency fund and a “fun fund,” getting the most out of your library card, and having the money talk with your parents. Download Vivian’s financial companion app Ask Dolly HERE! Follow the podcast on Instagram and TikTok! Got a financial question you want answered in a future episode? Email us at [email protected]. Learn more about your ad choices. Visit podcastchoices.com/adchoices