avatar

Americans are still spending money, even with recession fears. What gives?

The Week in Philly from KYW Newsradio
The Week in Philly from KYW Newsradio
Episode • Aug 12, 2022 • 23m

Economy got you down? We get it. Interest rates have soared. Inflation has been surging. A recession could be on the horizon...yet based on the numbers, we're still spending money, despite our decreasing confidence in the economy. What factors are driving this inherently contradictory trend? Which demographics of people are being disproportionately affected the most? Is there any end in sight? La Salle University Associate Professor of Marketing Dr. Meghan Pierce offers some answers, and tries to help us make sense of a very whacky economic moment. 

To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy

Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

KYW Newsradio In Depth • Americans are still spending money, even with recession fears. What gives? • Listen on Fountain