11.16.21 “Skimpflation” is Upon Us / Industry Disruption: Root and Lemonade are Changing Auto Insurance.

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 5.2K Ratings

🗓️ 16 November 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“Skimpflation” is a form of hidden tax via customer no-service, with companies cutting corners in almost all sectors. Surviving businesses are dealing with increased demand and labor shortages - another dislocation to work through in the economy. // While spending billions on non-stop ads, the traditional market-driven insurance industry is being turned on its head. New companies like Lemonade and Root begin with trust and simplicity. It’s working. Ask Clark topics include: GetUpside Review: 6 Things To Know Before You Sign Up / Best 529 College Savings Plans By State \\ Want more money advice? Sign up for Clark’s free daily newsletter! Free Advice: Clark's Consumer Action Center Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Do you want a superpower watching RewatchMirror's Fits?
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0:04.9	Watch and RewatchMirror's Fits like young offenders.
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0:10.0	Are you thinking this is great but where can I watch Mirror's Fits?
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0:14.7	The third is the UK's biggest free streaming service.
0:17.0	Now we've told you what to do.
0:18.7	Watch and RewatchMirror's Fits.
0:20.3	Watch and Rewatch.
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0:23.7	For free.
0:24.5	Oh bugging.
0:25.5	Comparachannel4.com-sash-verified.
0:32.5	It's my pleasure to welcome you to the Clark Howard Show.
0:36.2	Our mission is to serve and empower you so you make better financial decisions in your life.
0:44.3	Inflation's been in the headlines for a while.
0:46.9	It's really upsetting people.
0:49.8	It's making people feel overwhelmingly that the country's on the wrong track.
0:54.8	But if you heard of skimpflation or stagflation, skimpflation has become a hot term of late.
1:04.2	Stagflation is something that I lived through two generations ago.
	...

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