Consumers curb their spending

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 18 January 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Consumers are expected to spend more cautiously in the year ahead as they contend with rising prices and a potential looming recession. Today, a look at where shoppers are willing to put their money and how businesses are adapting to a changing consumer climate. Plus, three real estate agents reflect on the cooling housing market, and an economist argues inflation isn’t as bad as it seems.

Transcript

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0:00.0	Have you ever been caught out by payments you've forgotten about?
0:03.2	Join over 2.5 million customers who are already using the Lloyd's Bank upcoming payments tool on our app.
0:09.8	It gives you early sight of regular payments that are due to leave your account in the next 31 days
0:15.7	to avoid any surprises.
0:17.7	It's just one of our many useful tools that can help you stay on top of your money.
0:22.4	To find out more, go to Lloydsbank.com forward slash cost of living.
0:27.0	Lloydsbank by your side.
0:30.0	We'll talk about consumers a little bit.
0:33.7	We'll talk about inflation a little bit and then we'll talk about just walking away.
0:40.8	From American public media, this is Marketplace.
0:45.2	In Los Angeles, I'm Kyle Rizzo. It is Tuesday, today, 17 January.
0:56.6	It is always to have you along, everybody.
0:59.2	You know, we try on this program to get you ahead of the economic zeitgeist.
1:04.8	Forworn is forarmed and all that, right?
1:08.4	In that vein, we begin this Tuesday with you, the humble American consumer and the American
1:13.4	business imperative to keep you spending.
1:16.1	We're going to get our regular update on retail sales in this economy tomorrow.
1:21.2	And it is not a stretch to say that there's almost nothing more important to retailers
1:25.3	and this economy than you.
1:29.0	Marketplace, Christen Schwab gets us going with how businesses are planning to keep you
1:33.0	happy.
1:34.4	It's sometimes hard to remember the weird COVID lockdown days.
	...

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