Keeping it in the family
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 13 December 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
Older Americans will pass on more than $120 trillion to heirs and charities over the next 25 years, according to a wealth management company’s study. But financial advisers caution against assuming you’ll get lucky — half of the “great wealth transfer” will come from just the top 2% of households. Also in this episode: Insurance grows pricier, the Consumer Financial Protection Bureau limits bank overdraft fees and less than 10% of Americans moved last year — the lowest proportion since the Census Bureau began keeping track in 1948.
Transcript
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| 0:00.0 | Oracle Cloud Infrastructure is a single platform for your infrastructure, database, and application development with AI built in. |
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| 0:16.0 | Take a free test drive at Oracle.com slash marketplace. |
| 0:21.9 | Not all economic indicators are created equal that we know, but they all do tell us something. |
| 0:30.5 | From American public media, this is Marketplace. |
| 0:44.2 | In Los Angeles, I'm Kyle Rizzdall. |
| 0:45.6 | It is Thursday today. |
| 0:47.5 | This one is the 12th of December. |
| 0:49.2 | Good as always to have you along, everybody. |
| 0:52.5 | As surely as day follows night, with the Consumer Price Index comes in close proximity, |
| 0:56.2 | the producer price index. |
| 0:58.7 | CPI yesterday, PPI today. |
| 1:01.4 | The first, prices at the retail level. |
| 1:03.9 | The latter, prices at wholesale. |
| 1:06.6 | The Bureau of Labor Statistics told us this is the morning that the PPI was up four tenths percent in November from a month earlier. |
| 1:13.4 | That is more than people had been guessing. |
| 1:15.9 | Year on year, wholesale inflation is at 3%. |
| 1:19.4 | Without casting too many aspersions here, it is fair to say that PPI is the less popular sibling of the CPI. |
| 1:27.2 | But as Marketplace's Sabri Benishol reports, that does not mean it's not important. |
| 1:31.9 | You go to the grocery store, you pick up the eggs, you see the price of the eggs up almost 40% year over year. |
| 1:37.8 | Okay. |
| 1:38.5 | And you put the eggs right back down. |
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