Interest rates are moving higher and credit card balances will become more expensive, says Carrie Schwab-Pomerantz. She discusses what investors need to know about recessions, as well as how to protect your finances. She talks about how it may be beneficial to consider diverting unnecessary purchases like eating out or apparel. She then goes over how to invest during a recession. She notes that selling during downturns seals losses. She then goes over having contingency plans during economic slowdowns. Tune in to find out more about the stock market today.