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2 measures provide 2 very different views of the economy
Aug 25, 2022

2 measures provide 2 very different views of the economy

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While gross domestic product shrank in the second quarter, gross domestic income increased. That's creating a puzzling picture of where the economy stands.

Segments From this episode

Gross domestic income (GDI), explained

Aug 25, 2022
GDI should be close to GDP, theoretically. It's not.
Measure all spending in an economy and all income in an economy, and they should be roughly the same. New figures show that's not the case right now.
Angela Weiss/AFP via Getty Images

What was the main driver of inflation from 2019-21?

Aug 25, 2022
A New York Fed economist says 60% of inflation was driven by demand for goods, and 40% was from supply-side issues that magnified that higher demand.
Without the supply chain bottlenecks we've experienced, we might have seen 6% inflation at the end of last year, instead of 9%, a New York Fed economist posits.
Mario Tama/Getty Images

As streaming subscriptions fall, media giants turn to theme parks, live events for lost revenue

Aug 25, 2022
Pent up demand for in-person experiences may make up for slipping subscriber numbers.
The interest in live events and theme park tickets has skyrocketed as the industry receives pent up demand from the pandemic.
(Photo Walt Disney World Resorts via Getty Images)

Inflation means teachers who buy their own supplies have to spend more or ask for help

Aug 25, 2022
Prices for school supplies like notebooks, glue, and labels have increased 11% from a year ago.
Lakeshore Learning, a teaching supply store, in Towson, Maryland, was doing a brisk business on a recent weekday.
Stephanie Hughes / Marketplace

Home affordability is up — by a smidge

Aug 25, 2022
The Mortgage Bankers Association reports the average monthly payment on a new mortgage in July was $1,844, down $49 from June, as mortgage rates and loan amounts edged lower.
So home affordability — a ratio of average income to average monthly mortgage payment — has improved slightly in recent months.
Justin Sullivan/Getty Images

This Connecticut contractor says rising demand has left him “overwhelmed”

Aug 25, 2022
Bruce Ridenour has been a contractor for 40 years and said local contractors in Danbury, Connecticut don't have bandwidth to handle all the new demand.
“As the work comes more and more, faster and faster, it just comes more and more to those of us who are left,” Bruce Ridenour said.
ljubaphoto/Getty Images

Music from the episode

Perth Beirut
Peel Back Ensemble Entendu
Favorite Song Sinkane
Stay a While Cactus Channel
Autumn Sweater Yo La Tengo
Chartreuse Capital Cities

The team

Nancy Farghalli Executive Producer
Daisy Palacios Senior Producer
Sean McHenry Associate Producer
Andie Corban Associate Producer
Richard Cunningham Associate Producer