Jun 14, 2022

Pandemic savings drove inflation, now inflation is draining savings

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?

by Sabri Ben-Achour

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

LISTEN

EMBED

Are we headed for another crypto winter?

by Lily Jamali

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

LISTEN

EMBED

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

by Kai Ryssdal and Maria Hollenhorst

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

LISTEN

EMBED

Dealing with shifts in the steel market

by Kai Ryssdal and Anais Amin

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

LISTEN

EMBED

A Warmer World

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

by Samantha Fields

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

LISTEN

EMBED

How is Gen Z managing its money?

by Nancy Marshall-Genzer

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

LISTEN

EMBED

Music from the episode

Equinox Desire J-Walk

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 MØ

The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

Andie Corban Associate Producer

Richard Cunningham Associate Producer

Latest Episodes From Our Shows

7:55 AM PDT