$2 trillion in savings, spent
Sep 28, 2023

$2 trillion in savings, spent

Americans have been spending up a storm and may have burned through their pandemic savings. Plus, why economists measure and remeasure the GDP.

Segments From this episode

The monumental task of measuring the GDP over and over again

Sep 28, 2023
The keepers of GDP continually update their calculations as more information becomes available.
Measuring the economy requires continually revising data as more data becomes available.
Stephane de Sakutin/AFP via Getty Images

All those pandemic savings? They might already be gone

Sep 28, 2023
People in the U.S. saved an estimated $2.1 trillion at one point in the pandemic. By some estimates, that money's pretty much gone.
Howard Huang/Getty Images

Apparel sales might catch a chill as winter nears

Sep 28, 2023
Nike reported disappointing earnings, weakening the outlook for clothing sales — which have a lot to do with the year-end shopping season.
Since clothing isn't as essential for most households as food and gasoline, sales may soften.
Robert Nickelsberg/Getty Images

Federal government shutdowns cause economic distress for tribes

Sep 28, 2023
The U.S. government is obligated by treaty to provide certain services to tribal nations. Shutdowns force tribes to take on those costs.
The headquarters of the Yurok Tribe in Northern California in 2021. During the government shutdown in 2013, the tribe had to furlough about 70 employees.
Justin Sullivan/Getty Images

Most millennials are homeowners now

Sep 28, 2023
Millennials have faced challenges to homeownership for years. Now, a slim majority of millennials own a home.
As of 2022, the majority of millennials now own homes.
Joe Raedle/Getty Images

Music from the episode

Deep East 17, Ian Curnow / Phil Harding
Benzoin Gum MF DOOM
A Little Piano DJ Mitsu The Beats
Eple Röyksopp
Diving Woman Japanese Breakfast
Redbone Childish Gambino
I'm a Rock Jitwam

The team

Nancy Farghalli Executive Producer
Maria Hollenhorst Producer II
Andie Corban Producer I
Sarah Leeson Producer I
Sean McHenry Director & Associate Producer II
Richard Cunningham Associate Producer I
Dylan Miettinen Associate Digital Producer