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NerdWallet's Smart Money Podcast

Money News: Where to Save Money on Falling Prices from Deflation

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 22 November 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Learn which prices are slowing down—or even dropping—as a result of deflation, including your Thanksgiving feast. Before focusing on price deflation, hosts Sean Pyles and Anna Helhoski explore recent financial updates, including the rising income among first-time homebuyers, the United Autoworkers Union (UAW) ratifying new contracts with the Big Three automakers, and Black Friday and Cyber Monday sales trends. Then, Sean and Anna explain what’s happening behind recent price deflation. They highlight significant price drops across various goods and services, including eggs, smartphones, health insurance, gas, and Thanksgiving dinner essentials. They also break down the significance of these price reductions amid ongoing inflationary pressures, potentially offering a glimpse of relief for consumers in specific sectors. In their conversation, the Nerds discuss: homebuyer demographics, rising incomes, housing market shifts, UAW contracts, Black Friday sales, Cyber Monday sales, philanthropic gestures, deflation insights, price drop analysis, consumer trends, Thanksgiving food prices, holiday deals, charitable legacies, inflation impact, and deflation. If you’re looking for an app to track all your money in one place, then check out the free NerdWallet app: https://nerdwallet.com/app  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

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0:00.0

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0:03.0

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0:07.0

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0:10.0

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0:15.0

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0:23.0

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0:25.3

Prime Video.

0:27.1

Click or tap the banner to find out more.

0:33.2

Welcome to NerdWallet's Smart Money Podcast.

0:35.9

I'm Sean Piles.

0:37.0

And I'm Anna Helhastki, and this is our weekly

0:39.1

personal finance news roundup, where we take a look at recent developments in the world of money

0:43.5

and then go in-depth on an issue that's important to your life and your bottom line.

0:48.7

Today, we're going to break down what's happening with inflation, or more accurately, deflation

0:53.7

in a very practical way.

0:55.8

We know that prices are not rising as fast as they were, and in fact, some prices are going down.

1:01.4

Right, but which prices? We dove into that question, and we'll have a look at what's getting cheaper.

1:07.2

We'll also have a rundown of what Thanksgiving dinner is costing this year.

1:11.5

Gobble, gobble.

1:17.6

I can't wait for sweet potatoes and that gelatinous can of cranberry.

...

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