AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Daily
The Bad Vibes Around a Good Economy
Nov 30, 2023
Jeanna Smialek, a reporter covering the Federal Reserve and the U.S. economy for The New York Times, discusses the perplexing disconnect between Americans feeling dissatisfied despite a thriving economy. Topics include rising grocery costs, financial struggles, impact of rapid price increases, challenges faced by young adults, influence of social media on perceptions of the economy, and the emotional power of silent depression videos.
21:40
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Rising inflation has led to a higher cost of living, contributing to negative sentiment among Americans despite positive economic indicators like low unemployment and wage growth.
- Increased housing prices, especially for younger generations, have made home ownership more difficult, hindering individuals' ability to achieve the traditional markers of the American dream.
Deep dives
Impact of Inflation on Consumer Sentiment
Despite improvements in the American economy, many Americans feel economically strained due to rising inflation impacting their daily lives. Consumer prices have increased by about 20% since late 2019, resulting in sticker shock for everyday items such as groceries and gas. This higher cost of living has contributed to a negative sentiment among Americans, even as traditional economic indicators like low unemployment and wage growth appear positive.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode