Birkin Bag Buyers and the Consumer-Driven Economy | Economics on Tap | Make Me Smart Livestream

New research from the Federal Reserve shows that wealthier Americans are driving retail spending while lower-income Americans have been squeezed by higher prices. We’ll discuss how this disparity could help explain the United States’ often unexpectedly strong consumer economy, and what the Birkin bag side of TikTok can tell us about this divide. And, Cuba is enduring a nationwide power outage. We’ll explain how a grid failure today has left millions in the dark. Plus, we’ll play a spooky season edition of This or That!
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Every weekday, Kai Ryssdal and Kimberly Adams break down the news in tech, the economy and culture. How do companies make money from disinformation? How can we tackle student debt? Why do 401(k)s exist? What will it take to keep working moms from leaving the workforce? Together, we dig into complex topics to help make today make sense. Because none of us is as smart as all of us.
Ryssdal has been a trusted broadcaster for two decades and received an Emmy for investigative journalism for “Big Sky, Big Money,” a PBS Frontline documentary about money in politics.
Before coming to Marketplace, Adams reported on the political, social and economic upheaval in Egypt following the Arab Spring. While reporting in Cairo, she received awards from the National Association of Black Journalists, the Religion Communicators Council, and the Association for Women in Communication. She was also competitively selected for the International Women’s Media Foundation “Great Lakes” Reporting fellowship to Uganda, where she reported on environmental, economic and LGBT issues. “Make Me Smart” is “a podcast to keep up with, even in quarantine,” Vanity Fair says.