Subscribe:

Jun 2, 2022

Inflation concerns have now become retirement concerns

A quarter of Americans said they will need to delay retirement because of rising costs, according to a new survey from BMO Harris Bank and Ipsos. Also, in such a volatile market, people are saving much less. There’s been a surge in demand for robot assistance from businesses. For today’s Economic Pulse, we explore the concept of a central digital bank currency for the Fed, and why it might not be a good thing.

Download

A customer shops for food items inside a Tesco supermarket store in east London on January 10, 2022. - UK annual inflation rocketed last November to 5.1 percent, more than double the Bank of England's 2.0-percent target -- price rises for fuel, clothing, food, second-hand cars and increased tobacco duty all helped drive up inflation. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)

Subscribe:

Segments From This Episode

With workers scarce, some industries are turning to robots
by Savannah Peters
Justin Sullivan/Getty Images
The pandemic accelerated automation purchases, according to an industry group, especially in agriculture, construction and fast food.
The argument against the Fed creating a central bank digital currency
by David Brancaccio, Alex Schroeder and Rose Conlon
Mladen Antonov/AFP via Getty Images
“It’s hard to find a clear reason to have [a CBDC], and, in fact, there are a lot of reasons not to,” says the Roosevelt Institute’s Chris Hughes.

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Redmond Carolipio Digital Producer
Ariana Rosas Producer
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer
Brian Allison Technical Director

Marketplace®

Subscribe:

Inflation concerns have now become retirement concerns

Subscribe:

Segments From This Episode

With workers scarce, some industries are turning to robots

The argument against the Fed creating a central bank digital currency

The Team