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Introducing "This Week in Business," A Knowledge at Wharton Podcast

July 09, 2025 / 01:05

This episode of This Week in Business covers the impact of inflation on real incomes, financial literacy trends, and innovation in established companies. Guests from Wharton faculty discuss various economic topics, including macroeconomics, personal finance, and workplace innovation.

The episode highlights that many Americans' real incomes have not kept pace with inflation over the past four years since Covid. It notes a rise in poor financial literacy among U.S. adults, increasing from 20% in 2017 to 25% recently.

Another key discussion point is that 70% of innovations are developed within established companies, suggesting opportunities for entrepreneurship using employer resources. The conversation connects research to practical outcomes in the business world.

Listeners are encouraged to subscribe to the podcast for ongoing insights into the economy and business decisions shaping the landscape.

TL;DR

Inflation impacts real incomes and financial literacy while innovation thrives in established companies.

Episode

1:05
00:00:00
Welcome to This Week in Business,
00:00:02
Hear from Wharton faculty
00:00:04
as they break down what's happening
00:00:06
in the economy,
00:00:07
in business,
00:00:07
and in the decisions shaping both.
00:00:10
The real incomes of many Americans
00:00:13
have not caught up yet with inflation,
00:00:15
that we've had over
00:00:17
the last four post-Covid years.
00:00:19
The percentage of U.S. adults
00:00:21
with poor financial literacy
00:00:23
rose from 20% in 2017
00:00:26
to 25% just a year ago.
00:00:29
70% of all innovations
00:00:33
that are developed
00:00:34
are developed in established companies,
00:00:36
so there are tons of opportunities
00:00:38
for people to be entrepreneurial
00:00:41
in their companies,
00:00:42
on their employers’ resources.
00:00:45
From macroeconomics
00:00:46
to personal finance,
00:00:47
from workplace innovation
00:00:49
to global trends,
00:00:50
we connect research to action,
00:00:52
and ideas to outcomes.
00:00:54
Subscribe now to This Week in Business
00:00:56
on the Knowledge at Wharton Youtube channel
00:00:58
or wherever you listen to your podcasts.

Episode Highlights

  • Economic Challenges Post-Covid
    Many Americans' real incomes are still lagging behind inflation since the pandemic.
    “The real incomes of many Americans have not caught up yet with inflation.”
    @ 00m 10s
    July 09, 2025
  • Innovation in Established Companies
    A significant 70% of innovations come from established companies, presenting entrepreneurial opportunities.
    “70% of all innovations are developed in established companies.”
    @ 00m 29s
    July 09, 2025

Episode Quotes

  • The real incomes of many Americans have not caught up yet with inflation.
    Introducing "This Week in Business," A Knowledge at Wharton Podcast
  • 70% of all innovations are developed in established companies.
    Introducing "This Week in Business," A Knowledge at Wharton Podcast

Key Moments

  • Financial Literacy00:21
  • Innovation Opportunities00:38

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