Rachel Wolfe
speaker
900 appearances
20 recordings
1 series
first heard Mar 2022
last heard May 2024
Rachel Wolfe’s voice in public audio — every appearance, attributed to the second.
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Appearances
It's not always a guarantee that the home you buy is going to be worth so much more than when you bought it.
But what a house is is a forced savings vehicle.
So it's forcing you to put aside money every single month in order to eventually be able to effectively live rent-free.
And so that is what a much broader swath of the population is now missing out on.
They don't have one of these key saving vehicles that their parents likely had a much easier time getting.
WSJ Your Money Briefing · Why Americans Are Choosing to Splurge Instead of Save · 6 Oct 2023
podcast
They're prioritizing the experiences that make them happy now over perhaps longer-term saving goals.
In some cases, they're willing to give up some degree of financial security and wealth in order to be happy in the moment.
Americans spent 5.8% more in August than a year earlier, which well outstrips less than 4% inflation.
People are spending on once-in-a-lifetime experiences they're worried they might not be able to have in the future.
Things like concerts, trips to places that are affected by climate change, though some people, of course, are also buying designer handbags.
Delta Airlines reported record revenue in the second quarter, and Ticketmaster sold over 295 million event tickets in the first six months of 2023.
That's up nearly 18% year over year.
I spoke to one couple who splurged on a last minute trip to Hawaii and they were able to visit Lahaina.
And that was only a couple of months before it was destroyed by deadly wildfires.
And so, you know, they didn't have any regrets about that purchase to begin with.
But especially after that happened, they were like, wow, you know, if we hadn't gone when we went, we never would have been able to see this amazing place.
Ally Bank has a platform that allows customers to create savings buckets for different goals.
They started that function in 2020, and they say that users create about 50% more experience-oriented buckets like travel and fun funds versus those associated with longer-term planning.
And again, that shows the intentionality that people are putting into these decisions.
I don't think that they're unfazed.
Showing 301–320 of 900 · page 16 of 45
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