Morning Brew Daily Americans Finally Have Money in the Bank & Promising New Alzheimer's Drug
Jul 18, 2023
Discover why Americans have the highest savings since before the pandemic and how wages are finally catching up with inflation. Explore the promising new Alzheimer's drug awaiting FDA approval and the fallout from a military email blunder. Unpack the emotional responses to a viral TikTok aging filter and learn about the travel hack of 'skiplagging.' Plus, find out the best strategies for claiming lottery winnings. This podcast covers the intersections of finance, health, and cultural trends with a fun twist!
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American Savings
- Americans have more cash than pre-COVID, despite inflation.
- Increased savings and wages outpacing inflation contribute to this surprising economic strength.
US vs. Europe COVID Response
- European wages have fallen since 2019, unlike in the US.
- Differing stimulus approaches, with the US prioritizing consumers and Europe employers, explain this divergence.
Stimulus Expiration
- Be aware that pandemic stimulus measures will expire soon.
- Prepare for renewed student loan payments, reduced childcare funding, and reinstated work requirements for food stamps.