One Thing: Is the Economy Really Booming? Gen Z Isn’t So Sure.

CNN 5 Things

CNN

Daily News, News

3.7 • 1.3K Ratings

🗓️ 11 February 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Despite blockbuster jobs numbers, robust consumer spending, and easing inflation, many Americans do not feel good about the US economy. The negative feelings are especially strong amongst young people struggling to pay their bills. Meanwhile, many are finding it hard – if not impossible – to imagine they will ever own a home. In this episode, we examine how Gen Z is turning to TikTok for financial advice and whether these negative feelings could impact President Joe Biden’s reelection chances. Guest: Vanessa Yurkevich, CNN Business and Politics Correspondent Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:29.6	You already know that Super Bowl tickets aren't cheap, but this year's game in Las Vegas, let's call it Taylor's version, is the priciest we've ever seen. The average price for one ticket, one, hit an average of
0:47.0	9,850 dollars earlier this example, but I do think it speaks to something we know all too well. How much something
1:05.5	costs can really influence who has access to it. A Super Bowl crowd is very different
1:11.9	than a regular season game.
1:13.3	Certain grocery stores can feel out of reach to families living paycheck to paycheck.
1:18.3	So as overall economic data in this country continues to improve. Why are some people still feeling priced out?
1:29.0	My guest this week is CNN Business and Politics Correspondent Vanessa Yurkavich?
1:34.2	We're going to talk about what a recent Tik-Toc trend
1:36.6	can tell us about what some say is an affordability crisis in America.
1:42.4	From CNN, this is one thing. I'm David Ryan.
1:47.0	Vanessa, hello.
1:52.0	Hello.
1:53.0	So I want to ask you to do something that may expose my deep uncoolness to our listeners, but I'm willing to make
1:59.8	the sacrifice for the sake of journalism and what I would like you to do is to explain a
2:04.7	Tik-Tok trend to me. Are you willing to do this? I'm willing to try. Okay so what
	...

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