Money Feels
33: Women are Healing the Economy
Aug 17, 2023
The podcast discusses Taylor Swift saving the US economy, the economic impact of her tour, and women's influence on consumer spending. They also explore the success of the Women's World Cup and emphasize the importance of supporting women in the economy.
49:28
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Quick takeaways
- Taylor Swift's 'Lover's Tour' has had a significant impact on the US economy, potentially saving it from a recession, by generating billions of dollars and boosting local economies.
- The success of women's sports, such as the Women's World Cup and the US women's soccer team, highlights the growing support and recognition for female athletes, challenging gender biases in the sports industry and signaling a shift towards more equitable opportunities and representation.
Deep dives
Taylor Swift's Impact on the Economy
The podcast discusses how Taylor Swift's 'Lover's Tore' has had a significant impact on the US economy, potentially saving it from a recession. The Federal Reserve Bank of Philadelphia credits women's spending, including the Taylor Swift fan base, as a key factor in boosting the economy. The tour is expected to generate around $4.6 billion globally and has already sold over a billion dollars worth of tickets. The economic boost is not only benefiting Taylor Swift, but also the local economies of the cities where the shows are held, with fans spending an additional $1,300 per person on restaurants, hotels, merchandise, and other services.
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