Aug 18, 2023

Houston’s heat wave is taking its toll

Mark Felix/AFP via Getty Images

A sizzling heat wave is baking Texas and impacting the health of its most vulnerable workers. Plus, a mortgage rate blast from the past.

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The Weekly Wrap

by Kai Ryssdal

Marketplace host Kai Ryssdal talks with Amara Omeokwe at The Wall Street Journal and Jordyn Holman at The New York Times about what’s propping up retail spending and whether revenge spending has made consumers more resilient.

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Climbing 10-year Treasury yield signals costlier future for buying, borrowing

by Sabri Ben-Achour

Aug 18, 2023

If the Federal Reserve needs to keep interest rates higher to continue battling inflation, 10-year yields will have to compete.

The Treasury Department is issuing a lot of bonds to pay for recent government spending. Above, a statue of Alexander Hamilton outside the agency's offices.

Chip Somodevilla/Getty Images

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High mortgage rates recall an era of ... high mortgage rates

by Meghan McCarty Carino

Aug 18, 2023

The highest mortgage rates in 20 years are now coupled with high home prices — bringing angst to many homebuyers.

The last time mortgage rates were this high was the early 2000s. Even then, those rates were low compared to the 1980s.

Paul J. Richards/AFP via Getty Images

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401(k) balances are rising, but most savers still won't have enough for retirement

by Samantha Fields

Aug 18, 2023

The average 401(k) balance is a tenth of what a middle-class person would need to maintain their lifestyle, one expert says.

Marketplace's senior economics contributor details findings from a new report that ranks global retirement systems.

CatLane/Getty Images

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Are American tourists ready for a museum about the economy?

by Peter Crimmins

Aug 18, 2023

The National Park Service wants to turn the original First Bank of the United States in Philadelphia into a museum.

The First Bank of the United States, as seen in March 2020. The building is slated to open as a new museum of the American economy in 2026.

Gilbert Carrasquillo/Getty Images

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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

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