Katherine Hamilton
speaker
654 appearances
14 recordings
1 series
first heard Apr 2024
last heard Jan 2025
Katherine Hamilton’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · The U.S. Dollar Is Giving Some Travelers More Spending Power · 24 May 2024
podcast
And she also really enjoyed the bathhouses, which you can get like a day pass there for $35.
Yeah, it's a great time because inflation is really high right now.
I think a lot of people are feeling it when they go out to eat in a restaurant or even just grocery shopping can be really expensive right now.
So it might be hard to even conceptualize the idea of traveling abroad.
It's a really great time to go because you might actually feel wealthier in some of these countries and be able to enjoy great meals in restaurants, all-day spas, things that you really couldn't dream of affording in the U.S.
The best place to go is the U.S.
Treasury.
They have a website that tells you the currency for every country and how it compares with the dollar, basically how much the dollar is worth in each country.
And you can also see the historic data and see how much the dollar has increased in value in different countries.
Areas like eating and drinking outside of the home, going to the movies, tickets for concerts, all of those have increased in price more so than the average inflation rate.
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And so people are saying that they're spending up to 80 percent of their discretionary funds on socializing and getting out there and making friends.
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There's a few different factors.
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People are increasingly making friends through paid organizations.
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So whether that's like a gym class, an art class, any kind of like hobby that people are doing for their own personal enrichment, but also to build a larger social group.
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Part of it also is that inflation has increased the price of socializing more so than it has goods overall.
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Areas like eating and drinking outside of the home, going to the movies, tickets for concerts, all of those have increased in price more so than the average inflation rate.
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People are saying that they're spending up to 80% of their discretionary funds on socializing and getting out there and making friends.
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There are studies that show that the number of people who have 10 or more close friends has fallen from about 30 percent in 1990 to just 13 percent in 2021.
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So there's been a big decline in the number of friends that Americans have.
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And it's hard to pinpoint exactly why that's happening.
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