Feeling meh about the economy and anxious about the election
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 17 October 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
Recent surveys have found that uncertainty surrounding the presidential election is impacting consumer’s outlook on the economy. Why are people feeling this way despite strong spending numbers and the recent interest rate cut? Also in this episode: Asheville businesses cope with water scarcity, oil markets are in “backwardation,” and clothing resale platforms struggle to turn a profit.
Transcript
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| 0:57.0 | Election anxiety. It affects how we spend money too. |
| 0:59.0 | From American public media, This is Marketplace. |
| 1:03.0 | In Baltimore, I'm Amy Scott in Perkai Rizdahl. It's Thursday the 17th of October. |
| 1:17.0 | Good to have you with us. Retailers started the fall shopping season in pretty good shape after a slump in August September retail |
| 1:25.3 | sales rose four-tenths percent more than economists expected and if you take out |
| 1:30.4 | sales of cars and trucks, which were flat, and gasoline sales, which fell |
| 1:35.7 | dollar-wise due to a drop in prices. |
| 1:38.6 | Anyway, if you take those things out, sales were up an even stronger 7 tenths percent which is maybe a little |
| 1:44.8 | surprising given that surveys of consumer sentiment suggest people are |
| 1:49.3 | feeling pretty meh right now about the economy and their personal finances and the |
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