Oct 19, 2017

10/19/2017: What growing inequality is doing to people as they get older

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(U.S. Edition) U.S. authorities are reportedly looking at connections some U.S. individuals may have to South Africa's Gupta family, which is currently embroiled in a series of scandals. We'll look at the family's background and their political influence. Afterwards, we'll discuss a new report that says the aging experience will be different for younger generations. One of these changes: growing inequality. Afterwards, we'll look back at a major event in our financial history, which happened 30 years ago today. On Black Monday, the stock market experienced the largest single-day ever. 

Segments From this episode

Looking back on Black Monday, the stock market crash of 1987

Oct 19, 2017
This week marks the 30 year anniversary of Black Monday, the day the stock market lost 23 percent of its value in just six and a half hours.
The stock market crash of October 1987.
Photo collage courtesy of Amy Pearl/ WNYC/ AP

The experience of getting older will be very different for today’s young people

Oct 19, 2017
A new Organization for Economic Cooperation and Development report said that as younger generations are getting older, their experience of aging is dramatically different to those who came before. One big difference — growing inequality between the affluent and less well off. Click the audio player above to hear the full story. Stories You Might Like […]

Analysts predict double-digit growth for PayPal

Oct 19, 2017
PayPal reports its quarterly earnings today. Analysts expect double-digit revenue growth. Last quarter, revenues at the payment processor were more than $3 billion, with 6.5 million new customer accounts. In tech company years, PayPal is kind of old — it’s been around since the late ’90s and pioneered peer-to-peer payments online. But the company keeps managing to […]

(U.S. Edition) U.S. authorities are reportedly looking at connections some U.S. individuals may have to South Africa’s Gupta family, which is currently embroiled in a series of scandals. We’ll look at the family’s background and their political influence. Afterwards, we’ll discuss a new report that says the aging experience will be different for younger generations. One of these changes: growing inequality. Afterwards, we’ll look back at a major event in our financial history, which happened 30 years ago today. On Black Monday, the stock market experienced the largest single-day ever. 

The team

Stephen Ryan Producer, BBC