How Consumers Feel About the Economy — and Why It Matters

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 12 June 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Learn how consumer sentiment affects the economy and your finances, plus insights on job market trends and inflation impact. How do consumer sentiment indexes work and why should you care about them? What impact do these indexes have on the economy and your personal finances? Hosts Sean Pyles and Anna Helhoski discuss the intricacies of consumer sentiment, highlighting the University of Michigan's Index of Consumer Sentiment and The Conference Board's Consumer Confidence Index. They explain how these reports measure public feelings about the economy and why these sentiments matter in order to help you understand the influence of consumer opinions on economic trends and spending habits. Then, they delve into recent money news headlines, including job market trends and their implications for the economy. By examining the latest employment data, Sean and Anna provide insights into how job growth and unemployment rates influence Federal Reserve decisions and overall economic stability. They also break down the recent movement in GameStop stock following the return of day trader “Roaring Kitty” Keith Gill and explain how your insurance rates could be impacted by your car collecting data on your driving habits. In their conversation, the Nerds discuss: consumer sentiment, economic indicators, job market trends, consumer confidence index, personal finance, inflation impact, recession signs, economic forecasts, financial stability, unemployment rate, Federal Reserve decisions, economic growth, job growth, spending habits, employment data, interest rates, economic stability, financial trends, economic health, stock market trends, meme stocks, financial news, economic conditions, wage growth, business conditions, future economy, inflation rate, economic predictions, financial planning, job market analysis, consumer opinions, economic reports, financial data, job creation, market analysis, and economic insights. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:30.7	Welcome to Nerd Wallet's Smart Money Podcast.
0:33.3	I'm Sean Piles.
0:34.3	And I'm Anna Hill Hasky.
0:35.5	And this is our weekly Money News Roundup, where we break down the latest in the world of finance to help you be smarter with your money.
0:41.9	We'll go deep into a single topic and then leave you with the latest money headlines.
0:46.2	Today, we're talking about feelings.
0:48.7	Is this a talk therapy podcast now, Sean?
0:51.5	I think you know that neither of us is qualified to do that, Anna. No, I mean
0:55.3	feelings about the economy, otherwise known as consumer sentiment. That makes more sense. Listeners,
1:01.1	no doubt you've seen tons of headlines over the last couple of years telling you how good
1:05.5	the economy is, but how bad people are feeling about it. It's the vibe session, Sean.
1:15.9	That's right. And there are two reports that measure those vibes. The University of Michigan's Index of Consumer Sentiment and the conference boards Consumer Competence Index. Both indexes
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from NerdWallet Personal Finance, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NerdWallet Personal Finance and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.