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HerMoney with Jean Chatzky

Ep 478: Recession Watch: What the Moody’s Downgrade Really Means for Your Money

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 4 June 2025

⏱️ 39 minutes

🧾️ Download transcript

Summary

Moody’s downgrade. Rising interest rates. Lipstick sales and banana prices as economic signals? This week, we sit down with Katie Klingensmith, Chief Investment Strategist at Edelman Financial Engines, to unpack what’s really going on with the economy and how it impacts your money. From home buying and interest rates to investing in gold, crypto, and international stocks, Katie helps make sense of it all. If you’re wondering how to stay financially steady in uncertain times, this episode is for you. … Does more financial confidence sound good to you, then you might want to try:  🚀 ⁠FinanceFixx⁠ – Our 4 or 8-week coaching program to get your finances on track!  📈 ⁠InvestingFixx⁠ – A club for women ready to grow their wealth. Your first month is completely free. Have a question for us? Write to us (or send us a voice note!) at ⁠[email protected]⁠. While you’re at it, join the HerMoney community! For the latest episode drops and financial news you can use, subscribe to our newsletter at⁠ ⁠⁠Hermoney.com/subscribe⁠! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In 2025, there are a lot of ups and downs.

0:04.7

And what's most important is that you have a mix in your portfolio that can help you basically

0:11.2

not have the same extremes and can help you from really jumping out because individuals don't

0:17.8

tend to have the best judgment.

0:19.6

I mean, remember the market is all of the individuals together,

0:22.1

and none of us are necessarily going to get exactly the right timing for when to sell and when to buy again.

0:27.6

So it's an important moment for us to keep our eyes on our own balls

0:30.8

and to make sure that our portfolios are fully invested and appropriately aligned to what we're trying to do with.

0:46.9

Hey, everyone, thanks so much for joining us today on Her Money.

0:48.3

I'm Gene Chatsky.

0:53.3

And maybe you'll remember that back in March, we dropped this episode with Catherine Edwards,

0:55.8

asking the million dollar question,

1:04.6

are we headed into a recession? And here we are. A few months later, asking, well, we're asking the exact same thing. But lately, the chatter has just gotten louder. A few weeks ago, credit rating giant Moody's

1:12.8

downgraded U.S. debt. Suddenly, we're all wondering, what does this mean for me? Because,

1:19.4

after all, isn't that the thing? What does this mean for my money? And because it wouldn't be

1:25.0

an economic conversation in 2025 without a little flavor,

1:30.5

we've got wacky recession indicators popping up too.

1:35.5

Apparently, when Lady Gaga drops a new album or we see a surge in lipstick sales,

1:44.5

even banana prices, believe it or not, might mean something.

1:49.1

So what's noise?

1:51.0

And what do you actually need to pay attention to?

1:55.3

Katie Klingensmith has answers.

...

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