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

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andy wants to share one of his favorite episodes from this year that’s just as relevant today as it was when we taped it. 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! CVS Health helps people navigate the healthcare system and their personal healthcare by improving access, lowering costs and being a trusted partner for every meaningful moment of health. At CVS Health, healthier happens together. Learn more at cvshealth.com. 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	Hey, it's Lena Waithe. Legacy Talk is my love letter to black storytellers, artists who've
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0:33.7	A 15-year-old girl who chewed through a rope to escape a serial killer. I used my front teeth to saw on the rope in my mouth. He's been convicted of murdering two
0:40.6	young women, but suspected of many more. Maybe there's another one in that area. And now, new leads
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0:57.1	breaks the silence on August 19th. Follow us now so you don't miss an episode. Lemonada.
1:07.6	Lemanada Lemonada. Lemonada. This is in the bubble with Andy Slavitt.
1:31.6	As we prepare for 2022 to come to a close, I want to visit a couple of episodes that I think are
1:38.4	particularly important as if we think about the year.
1:41.8	One of the most important topics we talked about was the U.S. economy.
1:45.6	In fact, last Wednesday, we had Justin Mulfers on to give us prediction for 2023. Back in June,
1:51.5	we sat down as gas prices were going up and many people were facing issues with supply chain shortages
1:58.9	and rent hikes, which are still with us. And the question
2:04.9	was how the most vulnerable among us and many people on fixed incomes or lower incomes are going
2:09.7	to get by on their wages. So this conversation was both deeply informative and it got quite
2:16.0	personal as we discussed who's actually profiting
2:19.3	from higher prices and how families can try and make the most of life while trying to balance
	...

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