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
WSJ Your Money Briefing · Why Americans Are Choosing to Splurge Instead of Save · 6 Oct 2023
podcast
Absolutely.
Consumers might not be able to keep splurging forever.
Labor strikes and student loan repayments could both lead people to pull back.
Rise in gas prices could also deter travel.
Still, for those who study spending, the robustness up to this point has been a surprise.
I spoke to one couple who have been channeling some of their money into a fun fund rather than only into their retirement accounts or down payment for a house.
And they're saying that instead of waiting to have fun when they retire, they're trying to do the opposite.
They want to enjoy their money while they're young.
even if it means working longer.
And they said all the rules that exist around money and lifestyle are just things people made up.
So we're playing a different game and we're having more fun.
So, you know, they're not sure what that'll look like later on, but they're okay.
They're willing to deal with the consequences and they don't think that they're going to have any regrets.
Totally.
It would likely put pressure on new car prices that surged 34 percent during the pandemic and were at a record of almost $52,000 in August.
So after three years of surging prices, limited choices, and long waits, the new and used markets were just starting to stabilize.
Now, United Auto Workers' strike of General Motors, Ford Motor, and Jeep maker Stellantis is poised to worsen the already tight supply of popular models.
So just as things were getting back to a so-called normal, they are likely to get worse again.
Detroit car companies have been building inventory and have enough to last for nearly two months or more based on the current selling pace.
And that's according to industry data.
Showing 341–360 of 900 · page 18 of 45
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