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Explain It to Me

The recession indicator game

Explain It to Me

Vox Media Podcast Network

Education, Politics, News, Society & Culture

4.47.9K Ratings

🗓️ 8 June 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

Press-on nails, new music from Katy Perry, and an uptick in Klarna purchases: signs of an economic downturn or no?  This episode was produced by Hady Mawajdeh, edited by Miranda Kennedy, fact-checked by Melissa Hirsch, engineered by Matthew Billy, and hosted by Jonquilyn Hill. Photo of Katy Perry performing in Sydney, Australia by Nina Franova/Getty Images. If you have a question, give us a call on 1-800-618-8545 or send us a note here. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members. Help us plan for the future of Explain It to Me by filling out a brief survey: ⁠voxmedia.com/survey⁠. Thank you! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hi, this is Ava from Vanta.

0:02.0

In today's digital world, compliance regulations are changing constantly,

0:07.0

and earning customer trust has never mattered more.

0:10.0

Vanta helps companies get compliant fast and stay secure,

0:13.0

with the most advanced AI automation and continuous monitoring out there.

0:17.0

So whether you're a startup going for your first stock two or ISO-27,001, or a growing

0:22.1

enterprise managing vendor risk, Banta makes it quick, easy, and scalable, and I'm not to

0:27.1

say that because I work here. Get started today at banta.com.

0:30.2

Liquor sometimes is sort of seen as a recession-proof thing.

0:36.6

So are our playlists indicating larger economic trends?

0:41.5

There is a super wide range of so-called recession indicators online right now.

0:53.1

Hey there, I'm John Glyn Hill, and this is Explain It to Me, where we answer the questions that matter most to you.

1:05.4

Your call has been forwarded to an automatic voice message system.

1:09.6

Hi, my name is John Ribeiro. I live in Boston, Massachusetts. I work at a liquor store,

1:16.2

and one of the things that my colleagues and I talk about is how we notice more people are

1:22.8

using cash. And we always notice that when there's sort of uncertainty in the economy, it seems like

1:30.3

maybe more people are managing to use their money by having it physically so they can

1:36.3

sort of keep track of how much they're spending instead of potentially overspending and treating their

1:42.3

debit card like a gift card. I wanted to know what are the real recession indicators outside of like the things that you see on TikTok.

1:51.5

That's a great question, John.

1:53.9

And to find out, I reached out to journalist Hannah Aaron Lang.

1:57.7

I am a reporter on the markets team at the Wall Street Journal. I've covered the economy and business for most of my journalism career.

...

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