Consumers are saving less but still borrowing, and banks have noticed
Consumers are still spending money and taking out loans, normally good signs for the economy. The catch: They're saving less, and banks are preparing to deal with more loan delinquency in the coming months as things get more expensive. We take a look at today's increasingly "weird" economy with Julia Coronado, president and founder of MacroPolicy Perspectives. Chinese exports grew in the past months, according to new data, partly because things are coming back to normal after COVID lockdowns. And, Amazon bought iRobot, the company that makes the Roomba line of robotic vacuums, to boost its smart home offerings.
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The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Meredith Garretson Morbey
Senior Producer
Alex Schroeder
Producer
Erika Soderstrom
Producer
Redmond Carolipio
Digital Producer
Ariana Rosas
Producer
Jarrett Dang
Digital Producer (gone fishing)
Jesson Duller
Media Producer
Brian Allison
Technical Director