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The death of revenge spending
May 10, 2023

The death of revenge spending

I'm tired. Aren't you? Persistent inflation is wearing on consumers, and it's beginning to show. We'll also take the pulse of the oil market.

Segments From this episode

Prices are still rising, and consumers seem tired

May 10, 2023
Prices rose 4.9% year over year in April and 0.4% during that month. Consumer fatigue is showing in higher credit card balances and lower savings.
Consumers are going to low-price stores more and buying less per visit. They're opting more frequently for generics over name brands, per Jefferies analyst Corey Tarlowe.
Justin Sullivan/Getty Images

At this rural hospital, staffing shortages and telehealth visits have become standard

May 10, 2023
The pandemic changed tech and personnel matters, says surgeon Eric Henderson. But the empathy required and the lovely setting remain the same.
Dartmouth Hitchcock Medical Center, where Dr. Eric Henderson works. "The greatest things about living where we live are also the things which make practicing medicine here the most difficult," he says.
Courtesy Dr. Eric Henderson

OPEC grapples with sliding oil prices

May 10, 2023
The cartel releases its monthly oil market report on Thursday.
Despite the fact that OPEC nations cut oil production last month, oil prices are largely back to where they were in early April.
Joe Kalmar/AFP via Getty Images

Inflation for services remains stubbornly high

May 10, 2023
Here's how higher wages, housing shortages and income level can play a role in how much you pay for things like exterminators and car repairs.
Motor vehicle repair prices, which were up 20% in April from last year, can be particularly burdensome for lower-income households.
Jon Cherry/Getty Images

The team

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