Ep 270: Are We Owned By Amazon?

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Business, Investing

4.7 • 1.5K Ratings

🗓️ 16 June 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Americans spent $143 billion on mobile apps in 2020. Since the pandemic began, Amazon's sales have grown by more than 40% and its stock nearly doubled. But who is really winning and losing in one-click America? Alec MacGillis, author of the new book"Fulfillment" tells us what Amazon is doing to our hometowns, our wallets and even our brains. In Mailbag, we discuss moving funds from tax-deferred accounts into Roth accounts, and managing rental properties in retirement. In Thrive, how to cut out food waste. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:05.9	We all know how important it is to keep your eye on the money, and not just your own.
0:10.2	Stay on top of the latest financial and market news with Yahoo Finance, a podcast that releases
0:15.4	new episodes almost every day.
0:17.0	You'll hear a brief overview of the biggest news in the financial world.
0:20.8	All in three minutes or less right after markets close.
0:23.8	Check out Yahoo Finance wherever you get your podcasts.
0:27.2	That's Yahoo Finance wherever you get your podcasts.
0:57.2	Subscribe to Sleepy wherever you get your podcasts.
0:59.8	Sweet dreams.
1:28.2	Just a quick tap on the Hermione icon, and our theme music starts playing, and while
1:33.4	we've all grown to love the convenience of the one click world we live in today, I mean
1:40.2	who doesn't love giving a quick heart to your bestie on Instagram, sometimes having
1:45.3	everything at our fingertips instantaneously can be a problem.
1:52.6	American spent $143 billion, yes, billion on mobile apps in 2020.
1:59.2	And yes, our favorite shopping apps may be to blame, but social media is also a factor.
2:05.2	According to a recent ad week survey, 41% of Facebook users said they've purchased
2:10.1	something after seeing it advertised.
2:12.4	49% of TikTok users said the same.
2:15.3	There's even a hashtag for it.
2:17.9	TikTok made me buy it.
2:20.4	It seems like once a month I spot a viral cute yet disconcerting story about a kid who
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