Justin Lahart

speaker

1,185 appearances 22 recordings 1 series first heard Jul 2017 last heard Dec 2024

Justin Lahart’s voice in public audio — every appearance, attributed to the second.

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Appearances

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WSJ Your Money Briefing · Tax Cut Will Brighten Wages News Even More · 5 Feb 2018 podcast

The other thing that's happening right now, starting in February, is that people are seeing a fatter paycheck as a result of the tax cut.

This isn't going to be in the – it's not in the wage figures yet.

And it's not going to be in the wage figures, but it's going to be in people's pockets, and they're going to be able to spend more money.

Right.

They have a little bit more spending power.

Some of it will be saved and some of it will be spent.

And if they spend more, then we have a little bit more demand in the economy.

If we have more demand in the economy, then companies and businesses have to hire more people to meet that demand.

Sort of as simple as that.

Yeah, a lot of times when people get sort of a one-time thing like that, they do tend to save it a little bit more than if it's spread out.

And what we're going to see with the tax withholding going down is that is spread out so that people are a little bit more likely.

to spend that, right?

The other thing we have to think about is, you know, the companies are getting a tax cut too, and they're getting, businesses are really getting the bulk of the tax cut, but that does feed into wages.

WSJ Your Money Briefing · Strong Consumer Spending Could Spell Economic Trouble · 26 Dec 2017 podcast

Yeah. voice-verified

So what's been happening is people have been basically spending more or their spending has been growing faster than their income. voice-verified

So as a result, the saving rate, the amount of their income that they save has been dropping and it's dropped to two point nine percent last month. voice-verified

That's the lowest since right before the recession started in late 2007. voice-verified

So that's as some might say, that's a lot of consumer exuberance. voice-verified

Yeah, I mean, I don't know if people feel exuberant, but, right, they definitely are spending. voice-verified

And, you know, you can only spend so much and you can only dip into the saving rate so much. voice-verified

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