cover of episode An economic insecurity story

An economic insecurity story

2025/6/9
logo of podcast Marketplace Morning Report

Marketplace Morning Report
AI Deep Dive AI Chapters Transcript
People
A
Amelie Zinn
C
Chris Farrell
D
David Brancaccio
H
Henry Epp
J
Jennifer Malinsky
L
Lina Zhu
N
Nancy Marshall-Genzer
S
Sandy Brager
S
Stephen Blitz
Topics
David Brancaccio: 美国和中国代表在伦敦进行贸易谈判，讨论关税及其他贸易问题。美国希望中国放松对稀土矿物出口的控制，而中国则希望美国放松对计算机芯片和核电站部件出口的限制。这次谈判旨在巩固上个月在日内瓦达成的共识，即暂停对彼此征收的三位数关税。 Nancy Marshall-Genzer: 中国经济面临压力，对美国的出口大幅下降。这使得双方都有动力寻求解决方案，以避免进一步的经济损失。谈判的重点在于寻找双方都能接受的妥协方案，以促进更平衡的贸易关系。中国经济的放缓也增加了中国在谈判中做出让步的可能性。

Deep Dive

Chapters
The dream of being mortgage-free in retirement is becoming less common. More people are entering retirement with mortgages, and the amount owed has significantly increased, particularly among older homeowners with lower incomes. This poses significant financial risks, especially in the face of unexpected expenses.
  • 70% of household debt is from mortgages
  • Share of homeowners 65-79 with mortgages rose from 24% to 41% over three decades
  • Median mortgage debt for 65-79 year olds surged by 400%
  • 97% of lower-income older homeowners with mortgages are cost-burdened

Shownotes Transcript

Mortgages comprise about 70% of household debt. We're told to pay off that debt before retiring. But over three decades, data shows more people are still paying their home loans after retirement, and what is owed has increased dramatically. We'll learn more. But first, we'll hear what's on the agenda for today's U.S.-China trade talks in London and discover why investors are flocking to money market funds.