High Prices, Low Stock, Dim Consumer Holiday Spirit
KQED's Forum
KQED
4.2 • 726 Ratings
🗓️ 2 December 2021
⏱️ 54 minutes
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| 0:00.0 | Support for KikiWED podcasts comes from Rancho LaPuerta, boated the number one wellness resort and spa by readers of travel and leisure magazine. In August, three or four people sharing a casita enjoy special vacation packages. Rancho LaPuerta.com. Switch to Comcast Business mobile and save hundreds a year in your wireless bill. Comcast Business, powering possibilities. |
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| 0:32.1 | From KQD in San Francisco, I'm Alexis Madrigal. |
| 0:48.2 | Holiday shopping stories used to be about Furbies and the latest video game console. |
| 0:53.0 | But it's the 2020s, the climate is going haywire, and the economy is undergoing a major realignment, |
| 0:58.0 | so the stories are a little different this year. |
| 1:01.0 | Open up the Mercury News and the story about Christmas tree prices is actually about extreme weather events, |
| 1:06.0 | kinks in the global supply chain, and the pandemic. |
| 1:09.0 | We'll be talking about the new factors in holiday shopping |
| 1:12.0 | and what they say about how the U.S. economy is working right now. |
| 1:16.0 | That's all next after this news. Welcome to Forum. I'm Alexis Madrigal. |
| 1:35.7 | For some Americans at the top of the economic heap, the pandemic has been a boon. |
| 1:40.1 | Galloping stock market, reduced household spending, and increased government assistance |
| 1:44.0 | led people to build up $2 trillion worth of savings. |
| 1:47.9 | That's given retailers hope for record holiday spending. |
| 1:51.2 | At the same time, the pandemic hit lower income Americans hard and the government stimulus that kept many families afloat has dwindled. |
| 1:58.3 | So that's the complex demand side. |
| 1:59.9 | But the supply around these holidays |
... |
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