Gas Up, Stocks Down: How to Weather Today’s Economy

In the Bubble with Andy Slavitt

Lemonada Media

News

4.6 • 3.5K Ratings

🗓️ 28 December 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The price of goods like gasoline and food is up sharply amid the highest inflation since the 1970s, and a stock market slump may be impacting your investment portfolio. What should you do as you watch the pump tick up and your 401(k) tick down? Andy sits down with two money experts, the Washington Post’s Michelle Singletary and President Obama’s Economic Advisor Betsey Stevenson, to better understand what’s going on in our economy right now and how to weather this storm. Keep up with Andy on Twitter @ASlavitt. Follow Michelle Singletary and Betsey Stevenson on Twitter @SingletaryM and @BetseyStevenson. Joining Lemonada Premium is a great way to support our show and get bonus content. Subscribe today at bit.ly/lemonadapremium. Support the show by checking out our sponsors! America's psychiatric emergency systems are struggling to assist those in dire need of help. The Kennedy-Satcher Center for Mental Health Equity, a subsidiary of the Satcher Health Leadership at Morehouse School of Medicine, is partnering with Beacon Health Options to establish critical guidelines for dismantling inequity through its new research and policy initiative. You can join the movement too by attending their upcoming virtual summit. Go to kennedysatcher.org to register today. Beacon Health Options has also published a new white paper online called Reimagining Behavioral Health Crisis Systems of Care. Download it today at beaconlens.com/white-papers. Click this link for a list of current sponsors and discount codes for this show and all Lemonada shows: https://lemonadamedia.com/sponsors/ Check out these resources from today’s episode: Order Michelle’s book, “What To Do With Your Money When Crisis Hits”: https://www.harpercollins.com/products/what-to-do-with-your-money-when-crisis-hits-michelle-singletary Read Betsey’s research on subjective well-being and income: https://users.nber.org/~jwolfers/papers/Satiation(AER).pdf Find vaccines, masks, testing, treatments, and other resources in your community: https://www.covid.gov/ Order Andy’s book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165 Stay up to date with us on Twitter, Facebook, and Instagram at @LemonadaMedia. For additional resources, information, and a transcript of the episode, visit lemonadamedia.com/show/inthebubble. See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's CVS Health, they know the women's physical, mental, and sexual health matters.
0:05.0	That's why they're offering new women's health services available nationwide seven days a week.
0:09.0	From heart health, blood pressure, and cholesterol screenings available at miniclinic locations,
0:14.0	to virtual birth control consultations and visits with a board certified provider,
0:18.0	women's health is it an afterthought. It matters.
0:21.0	It's CVS Health. Health here happens together. Learn more at CVSHealth.com.
0:28.0	In the bubbles brought to you by well before, where you can get affordable and high quality medical supplies,
0:34.0	ship straight to your door.
0:36.0	It could sometimes be hard to tell which masks are legitimate, KN95s, and N95s.
0:42.0	But well before, has over 40,000 positive customer reviews, and we're recommended by the New York Times.
0:49.0	They have an extensive selection of masks with different sizes, from kids to larger adults,
0:54.0	as well as a multitude of colors. I've got a bunch of them. We had them tested.
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1:07.0	.com slash in the bubble, or use code in the bubble for an extra 10% off site wide.
1:14.0	Lemonada.
1:24.0	This is the bubble with Andy Slavitt, as we prepare for 2022 to come to a close.
1:45.0	I want to revisit a couple of episodes that I think are particularly important, as we think about the year.
1:51.0	One of the most important topics we talked about was the U.S. economy.
1:55.0	In fact, last Wednesday, we had Justin Mulfur's on to give his prediction for 2023.
2:00.0	Back in June, we sat down as gas prices were going up, and many people were facing issues with supply chain shortages,
2:09.0	and rent hikes, which are still with us.
2:13.0	And the question was, how the most vulnerable among us, and many people on fixed incomes or lower incomes,
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