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How the Pandemic Affected Consumer Saving and Spending with Wharton Professor Barbara Kahn

November 14, 2023 / 00:26

This episode discusses holiday spending trends, savings behavior post-COVID, and the uncertainty surrounding future consumer spending. Key topics include the impact of savings accumulated during the pandemic and the shift in spending habits as people began traveling in 2022.

The conversation highlights how consumers saved money during COVID-19 and the challenges in predicting holiday spending due to changing behaviors. The uncertainty of how much savings remain is a significant focus.

Experts share their thoughts on the implications of these trends for businesses and the economy. The discussion emphasizes the difficulty in making accurate predictions about consumer behavior in the current landscape.

TL;DR

Holiday spending predictions are uncertain due to changing consumer behavior post-COVID.

Episode

0:26
00:00:00
during Co people saved a lot and then
00:00:02
when they started coming out of Co they
00:00:04
had more of that money but then they
00:00:06
started traveling in 2022 and so we
00:00:09
don't know how much savings is still
00:00:11
left you know and making all those
00:00:13
predictions and therefore to accurately
00:00:16
predict what's going to happen with
00:00:18
holiday spending it's kind of hard to
00:00:24
do

Episode Highlights

Episode Quotes

Key Moments

  • Post-COVID Spending00:02
  • Travel Resurgence00:06
  • Uncertain Predictions00:11

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