How Inflation Affects Consumer Spending – Wharton Prof. Itay Goldstein on Ripple Effect Podcast

Knowledge at Wharton

Episode Description

EPISODE OVERVIEW Wharton finance professor Itay Goldstein evaluates the economy, explains why current indicators make it difficult to predict the future, and looks at the connection between the economy and how people spend their money. This episode is part of a series on "Holiday Retail."

Topics and questions covered: 00:00 - Introductions 01:13 - Assessing Covid-19's ongoing impact 03:32 - Examining inflation's influence 06:47 - Exploring the effects of lower inflation 10:23 - Understanding means vs. spending rates 13:17 - Reassessing quarterly revenue expectations

PODCAST OVERVIEW Every day, business scholars answer pressing questions in their research - but what do their insights mean for you? In this podcast, Wharton faculty dive into what inspired their studies and how their findings resonate with the world today. Learn how research insights translate into knowledge you can use, with host Dan Loney.

Learn more at http://whr.tn/rippleeffect.

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Brief Summary

E. Goldstein discusses consumer spending, inflation, and economic uncertainty post-COVID with host Looney.

Key points

  • The Ripple Effect Podcast Introduction. Explore the minds of Wharton professors and their groundbreaking research.
  • Consumer Spending Trends Post-COVID. Despite inflation, consumer spending remains strong due to pent-up demand.
  • Economic Uncertainty Ahead. High inflation and interest rates create a complex economic landscape.

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