The Consumption Smoothing Edition

Slate Money

Slate Podcasts

Investing, Business

4.1 • 1.1K Ratings

🗓️ 2 December 2017

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Felix Salmon of Fusion, Slate Moneybox columnist Jordan Weissmann, and political risk consultant Anna Szymanski are joined by author Rachel Schneider to discuss: The Financial Diaries, by Jonathan Morduch and Rachel Schneider Affirm and financing consumer purchases Amazon’s new second headquarters In Slate Plus: Cross-currency basis swaps If you’d like to leave us a voicemail for our December call-in show, ring us at (347) 960-6314. Check out other Panoply podcasts at megaphone.fm. Email: slatemoney@slate.com Twitter:@felixsalmon, @Three_Guineas, @JHWeissmann Production by Daniel Schroeder Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:23.6	Until 18-plus, T's and C supply, exchange fees and fair usage limits supply.
0:30.1	The following podcast contains explicit language. Hello and welcome to the consumption smoothing edition of Slate Money, your Guide to the Businessman Finance News of the Week.
0:56.0	I'm Felix Salmon of Fusion.
0:58.6	I'm joined as usual by Anne Shimansky and Jordan Weisman.
1:01.8	Hello. Hello.
1:03.0	Hello.
1:04.0	And Rachel Schneider.
1:07.0	Hello.
1:08.0	Rachel is a published author.
1:11.0	I have your book sitting in front of me what is it called and
1:14.7	what is it about it is called the Financial Diaries how Americans families cope in a
1:20.2	world of uncertainty and is really the stories that arise out of research that I did with a professor
1:26.2	at NYU named Jonathan Wardock and we talked to 235 families and gathered information
1:32.2	about their financial lives over the course of a full year.
1:34.5	This is every single penny that people spend.
1:37.8	It's an amazingly detailed and granular data set and we will dive into it very shortly we are also going to be
1:45.8	talking about a firm which is Max Levchin's not so new anymore company where he's doing some interesting things with
	...

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