1959: Ask Farnoosh: Prep for a Recession? Also: The Price of Aging and Long-Term care

Key Takeaways

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  Recession Readiness - With oil prices climbing past $100 per barrel, Farnoosh suggests adopting a 'healthy panic' to audit finances ahead of a potential 2026 downturn.

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  Long-Term Care Shifts - Traditional insurance is becoming less accessible, making newer hybrid solutions a necessary pivot for families planning for the high costs of aging.

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  The Sandwich Generation Strain - Navigating the financial misalignment of supporting aging parents while saving for your own future requires clear communication and boundary setting within relationships.

Episode Description

Register for Farnoosh's free webinar on How to Get a Book Deal. (https://us06web.zoom.us/meeting/register/A_tm_vevRdyGiCdM1c42-A)In this episode, Farnoosh opens with a candid reflection on media narratives around Iranian identity and addresses a recent editing glitch from a prior interview.From there, the conversation turns to a growing concern on many economists’ minds: Are we heading toward a recession in 2026?With oil prices climbing past $100 per barrel and historical data linking energy shocks to economic downturns, Farnoosh breaks down what this could mean for your money—and how to prepare with what she calls a mindset of “healthy panic.”The episode also dives deep into the rising costs of long-term care, why traditional insurance options are becoming less accessible, and what newer hybrid solutions could offer families trying to plan ahead.Plus, a powerful excerpt from Senator Andy Kim, who shares his personal connection to elder care through his father’s Alzheimer’s diagnosis.Finally, Farnoosh answers listener questions about:Supporting aging parents while still saving for your own futureNavigating financial misalignment in relationships when one partner is giving more to family Hosted on Acast. See acast.com/privacy (https://acast.com/privacy) for more information.