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Let’s zoom in

2024/7/25
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Marketplace

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The American economy is growing at a healthy 2.8% annually, driven by consumer spending on essentials and non-essentials, despite consumers struggling with credit card debt and focusing more on essentials.

Shownotes Transcript

New gross domestic product data just came in — GDP grew a healthy 2.8% annually in the second quarter, better than predicted. Meanwhile, consumers are focused on buying essentials and credit card debt is growing. In this episode, we’ll examine why GDP is strong while many everyday people feel squeezed for cash. Plus: New real estate broker fee rules take effect next month and the number of Americans who predict they’ll retire young is up.