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Marketplace All-in-One

Love, money and this economy

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 14 February 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

This Valentine’s Day eve, we’re thinking about love and what the economy has to do with it. Coming off the heels of a high-inflation period, is this a good time in our economy to find love? On the show today, Julia Carpenter, a personal finance reporter for The Wall Street Journal, discusses how the economy shapes our relationships, the growing wealth gap between single and married people, and the idea of a “money date.”

Then, married people enjoy many legal benefits that aren’t extended to single folks. Is it time to change that? And this week’s answer to the Make Me Smart question is all about Swiftynomics!

Here’s everything we talked about today:

We want to hear your answer to the Make Me Smart question. You can reach us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, I'm Kimberly Adams.

0:05.0

Welcome back to Make Me Smart, where none of us is as smart as all of us.

0:12.0

I'm Kaya Rizdahl, thanks for joining us everybody.

0:14.0

Tuesday, today, February 13th, Valentine's Day Eve.

0:18.0

So we're going to talk money, this economy, and romance, and how they shape one another.

0:23.0

Yes, we want to know more about how the economy and the economic circumstances somebody

0:28.6

might be in can influence people's love lives and how couples are navigating all of that today.

0:34.6

So here to make us smart about this is Julia Carpenter.

0:37.6

She's a personal finance reporter at the Wall Street Journal.

0:40.1

Welcome to the show.

0:41.6

Thanks for having me.

0:43.8

So before we get into the nuts and bolts of it,

0:46.8

how different are the economic circumstances

0:50.1

of singles versus coupled people in this economy right now.

0:53.7

I've written quite a bit about this because the gap we see between single people

0:59.6

and married people has been slowly widening over time.

1:03.1

And I think for a lot of people,

1:04.9

they just say, well, that's math.

1:06.7

You know, of course, two people make more than one person.

1:09.9

You know, that's just how it's always been.

1:12.0

And while that's true to a certain extent

1:14.5

there is this widening gap between what a single person can en masse in terms of

...

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