Spending more, saving less

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 30 August 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

New data shows that while consumer spending is strong, Americans aren’t saving like they used to. But the pandemic made year-to-year comparisons a bit misleading. So are consumer habits normalizing after an unusual economic period, or should we be concerned that savings have taken a dip? Also in this episode: Some businesses prefer to operate on a “fiscal” calendar, public swimming pools try to stay afloat and corporate tax changes may be important in this year’s election.

Transcript

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0:59.0	Politics Economy. Politics Economy.
1:04.0	Politics Economy. Economy.
1:08.0	From American public media.
1:10.0	This is market plan.
1:13.0	In Los Angeles, I'm Con Risdell. It is Friday, today the 30th of August.
1:26.6	Good as always to have you along, everybody. So look, I'll tell you what, let's just stipulate
1:32.4	that from now until election day I'm going to start every Friday
1:36.3	show by saying, yes, fine, politics, but do not sleep on the economic news. Deal? Good. All right, here we go.
1:46.2	Gina Smalek is at the New York Times.
1:47.7	Nila Richardson is at ADP. Hey you two.
1:50.3	Hi, Kai.
1:51.8	Hey, Kai.
	...

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