Kai Ryssdal breaks down the latest personal savings rate data, which hit a near-historic low of 2.6% in April, driven by gas and grocery price inflation. The show also examines the K-shaped recovery in office real estate, where high-end properties thrive while others struggle. Plus, a city's creative approach to budget shortfalls by selling trademarked merchandise, and analysis of the April PCE report and Q1 GDP revision.
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Highlights
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Personal savings rate plunges to 2.6%
The personal savings rate fell to 2.6% in April, the lowest since June 2022.