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Pandemic savings drove inflation, now inflation is draining savings

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People walk through a shopping district in Brooklyn in 2021 in New York City.

NEW YORK, NEW YORK - JULY 16: People walk through a shopping district in Brooklyn on July 16, 2021 in New York City. As demand for goods remains strong, U.S. retail sales rose 0.6% in the month of June. (Photo by Spencer Platt/Getty Images) Spencer Platt/Getty Images

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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.

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.

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.

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.
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.

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.

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

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