Consumers curb their spending
Jan 17, 2023

Consumers curb their spending

As consumers rein in purchases, how will they spend, and how will businesses respond? Plus, freelancers welcome a delayed tax-reporting rule.

Segments From this episode

Why consumers are pulling back on spending

Jan 17, 2023
A New York Fed survey shows consumers are cutting back. But inflation means they're paying more for the same stuff.
Consumer spending peaked over the summer and has been falling ever since, according to the Federal Reserve Bank of New York.
Spencer Platt/Getty Images

As discretionary spending slows, retailers try to make themselves essential

Jan 17, 2023
Here's how one small business is adapting to the changing consumer climate.
Pricier items like furniture tend to be put on hold when households budgets are strained, said AlixPartners' Sonia Lapinsky. Above, a shopper at a Houston Ikea.
Brandon Bell/Getty Images

What if we told you inflation was back to its target rate?

Jan 17, 2023
When we focus on recent months rather than year-on-year increases, inflation numbers look pretty good, says economist Alan Blinder.
Fed Chair Jerome Powell, above, isn't ready to declare victory over inflation yet, says economist Alan Blinder.
Photo by Samuel Corum/Getty Images

The IRS delays a tax-reporting rule for peer-to-peer apps. Freelancers are relieved.

Jan 17, 2023
Peer-to-peer apps have become a lifeline for small businesses. But many formerly under-the-table cash transactions now leave a digital trail. 
Small businesses that use peer-to-peer payment services like Cash App or Venmo and take in more than $600 will receive a 1099 form starting next year.
Anna Webber/Getty Images for Afterpay

With more Brits retiring early, the Bank of England warns of a shrinking workforce — and rising inflation

Jan 17, 2023
A surge in the number of early retirees threatens to prolong inflation in the U.K.
The Bank of England, seen above, warns that a shrinking workforce and prolonged labor shortages could drive up inflation.
Ben Stansall/AFP via Getty Images

3 real estate agents on the cooling U.S. housing market

Jan 17, 2023
“I don’t know what this year is going to bring,” said one experienced Montana agent.
After a sizzling few years, there's a chill in the U.S. housing market, and mortgage rates have been volatile. Above, downtown Truckee, California.
Courtesy David Westall

Music from the episode

Don't Sweat the Technique Eric B. and Rakim
Like A Star Corinne Bailey Rae
Cypress Tycho
Work Rihanna, Drake
Mystic Voyage Roy Ayers

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