Ep 355: Why a Recession Shouldn’t Hold Back Your Career

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 25 January 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s becoming more and more likely that a recession will hit sometime this year. For some, that might mean pay cuts, hiring freezes, or layoffs. How can you continue to develop your career during a less forgiving job market? Lauren McGoodwin, founder of career building site Career Contessa, joins us to discuss how to tell whether your company is struggling in the current economy, how to prepare if you suspect layoffs are coming, and what steps to take to make your job search successful. In Mailbag, we answer a question about managing a lump sum retirement payout. In Thrive, the difference between investing and trading. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an AirWave Media Podcast.
0:04.0	I think a lot of people have so much shame about being laid off that they kind of keep
0:10.7	it to themselves and one of the best things you can do is actually share it with a lot
0:14.7	of people because they're going to be the ones who are probably going to help you find
0:17.3	a job.
0:18.3	I think not feeling alone is also very important and one of the best things you can do is
0:23.4	just have someone who's going to do the same thing as you to talk to.
0:29.2	Your life, it's going to change.
0:31.8	Jobs, kids, houses, are you financially ready to enjoy the ride?
0:36.1	Visit planefe.com slash her money to schedule a free appointment with a financial advisor
0:41.8	today because you've got a lot to look forward to but it always helps to be prepared.
0:47.8	Hey everybody I'm Gene Chatsky, thanks so much for joining me today on her money.
0:52.5	We have been talking a lot about the possibility of a recession over the last several months.
1:01.2	For a while it's been up in the air exactly when that recession is going to hit but economists
1:06.0	are more and more certain that it's probably going to happen sometime in 2023.
1:12.0	The Wall Street Journal recently conducted a survey of economists and more than two-thirds
1:16.6	predict that it will happen this year.
1:19.5	Bloomberg's most recent poll of economists also puts the odds of a recession this year
1:24.7	at 70%.
1:27.3	At her money we are trying to prepare your wallet for the tough times ahead.
1:32.6	We've tackled how to manage your budget during a downturn, how to invest, how to stay
1:36.7	on track for retirement and today we are going to focus on another very important avenue
	...

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