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Pandemic savings drove inflation, now inflation is draining savings
Jun 14, 2022

Pandemic savings drove inflation, now inflation is draining savings

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The savings rate for Americans has plummeted since the height of the pandemic. Plus, when air conditioning is more necessity than luxury.

Segments From this episode

We're saving less. Will we spend less?

Jun 14, 2022
After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.
Travelers board a train in Washington, D.C. Partially fueled by pent-up demand for services, consumers are spending down their savings.
Drew Angerer/Getty Images

Are we headed for another crypto winter?

Jun 14, 2022
The term describes the downturn in the value of bitcoin as well as the fortunes of companies that support the cryptocurrency ecosystem.
Above, a bitcoin ATM at a Miami shop. Investors have been fleeing the cryptocurrency world and values are sliding.
Joe Raedle/Getty Images

What the Beveridge curve tells us about the Fed's path to a “soft landing”

Jun 14, 2022
If you want to understand the challenge of slowing inflation without damaging the labor market, picture a skateboard ramp.
The Beveridge curve appears when you plot the relationship between unfilled jobs and unemployment — it shows how those two variables move together.
Photo by Mario Tama/Getty Images

Dealing with shifts in the steel market

Jun 14, 2022
"When you take out major players, anything that destabilizes the world economy affects steel, affects all of us," says Lisa Goldenberg, president of Delaware Steel Company.
The war in Ukraine and ongoing inflation may be negatively affecting the steel market.
David McNew/Getty Images

Extreme heat is becoming more common. Should tenants have a right to air conditioning?

Jun 14, 2022
There are many more laws and programs to help low-income people stay warm in the winter than cool in the summer.
Above, temperatures reached 114º F in of El Centro, California on June 12. Much of the South and West have been grappling with a heat wave, underscoring how air conditioning is becoming increasingly necessary.
Sandy Huffaker/Getty Images

How is Gen Z managing its money?

Jun 14, 2022
Some graduated into a pandemic and are experiencing high inflation and market volatility. That's changing their approach to their finances.
From left, Tobi Plumpter, Guy DeWeever II, Emanuel Perez and Leah Smith, on the laptop screen, are part of an investing group of young Black professionals.
Nancy Marshall-Genzer/Marketplace

Music from the episode

Doo Wop (That Thing) Ms. Lauryn Hill
Wishing Well Substantial
Good to Me Freddie Joachim
Coco Mango (FiloFilz Remix) MF DOOM, FloFilz
Dancin - Krono Remix Aaron Smith, Luvli, Krono
Kamikaze

The team

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