Consumer spending fell by 0.2% in December, according to the New York Times. John Sutter: What do you make of it? He says we're starting to see early signs that consumers might be pulling back. "I want to explore opinion in all of its complexity," writes Sutter.
The typical sales price of an existing family home in the United States in December: 372,700. The number of layoffs in the tech sector since the beginning of the year: 76,000. The number by which consumer spending fell in December: 0.2 percent. The increase in the cost of the same kind of carton of eggs bought by an editor on “The Daily” a year apart: 251 percent.
What do these numbers tell us about the state of the country’s economy?
Guest: Ben Casselman, an economics and business reporter for The New York Times.
Background reading:
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.