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

July 09, 2025 / 01:05

This episode covers inflation, financial literacy, workplace innovation, and entrepreneurship. Wharton faculty discuss the economic challenges facing Americans and the opportunities within established companies.

The episode highlights that many Americans' real incomes have not kept pace with inflation since the Covid pandemic. This has led to increased financial strain for households.

Additionally, the percentage of U.S. adults with poor financial literacy has risen from 20% in 2017 to 25% in the last year, indicating a growing need for financial education.

The discussion also emphasizes that 70% of innovations come from established companies, suggesting that employees can leverage their resources for entrepreneurial ventures.

Listeners are encouraged to subscribe to the podcast for more insights on macroeconomics, personal finance, and global trends.

TLDR

Wharton faculty discuss inflation, financial literacy, and innovation opportunities in established companies.

Episode

1:05

00:00:00

Welcome to This Week in Business, Hear from Wharton faculty as they break down what's happening

00:00:06

in the economy, in business, and in the decisions shaping both. The real incomes of many Americans

00:00:13

have not caught up yet with inflation, that we've had over the last four post-Covid years.

00:00:19

The percentage of U.S. adults with poor financial literacy rose from 20% in 2017

00:00:26

to 25% just a year ago. 70% of all innovations that are developed are developed in established companies,

00:00:36

so there are tons of opportunities for people to be entrepreneurial in their companies,

00:00:42

on their employers’ resources. From macroeconomics to personal finance, from workplace innovation

00:00:49

to global trends, we connect research to action, and ideas to outcomes. Subscribe now to This Week in Business

00:00:56

on the Knowledge at Wharton Youtube channel or wherever you listen to your podcasts.

Episode Highlights

Economic Challenges Post-Covid
Many Americans' real incomes lag 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 portion of innovations comes from established firms, creating 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 Literacy Crisis00:19
Innovation Opportunities00:36
Research to Action00:45