The Indicator from Planet Money SALT-n-pessimism
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Jun 20, 2025 Explore the fascinating world of stablecoins, as legislation aims to shape their role in the economy. The SALT cap debate heats up, exposing political divides and its impact on wealthy homeowners. Discover a striking gender gap in economic worries, with women feeling more anxious about financial stability. Insights from recent surveys reveal men and women perceive inflation and job expectations quite differently, particularly affecting their shopping habits.
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Stablecoin Regulation Advances
- The Senate has passed a bill to regulate stablecoins by requiring reserves and clarifying regulators' roles.
- Large stablecoins are regulated federally, while smaller ones are overseen by state regulators, raising concerns about enforcement.
SALT Cap Tax Debate
- The SALT cap limits state and local tax deductions to $10,000 federally, affecting taxpayers in high-tax states.
- This cap is a key sticking point between House and Senate, with House favoring an increase and Senate holding firm.
Gender Gap in Economic Concern
- Women express significantly more worry about the economy than men, driven by inflation's impact on essentials.
- This gender gap in sentiment transcends political party and relates to traditional roles like grocery shopping.